Merger Arbitrage Mondays – August 21, 2017
Merger activity increased last week with five new deals announced and three deals closing. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There were no new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Sunshine Bancorp (SBCP) by CenterState Banks (CSFL) for $176.7 million in an all stock deal. Under the terms of the agreement, Sunshine shareholders will receive 0.89 shares of CSFL common stock for each outstanding share of Sunshine.
- The acquisition of Western Refining Logistics (WNRL) by Andeavor Logistics (ANDX) for $1.8 billion in an all stock deal. Under the terms of the Merger agreement, WNRL unit holders will receive an exchange ratio of 0.5233 ANDX common units for each WNRL common unit held.
- The acquisition of Tesco Corporation (TESO) by Nabors Industries (NBR) for $157.23 million in an all stock deal. Under the terms of the agreement, TESCO shareholders will be issued 0.68 common shares of Nabors for each outstanding share of common stock of TESCO.
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