Merger Arbitrage Mondays – August 28, 2017
Merger activity decreased last week with two 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 four new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Bear State Financial (BSF) by Arvest Bank for $391 million or $10.28 per share in cash.
- The acquisition of Dimension Therapeutics (DMTX) by Regenxbio (RGNX) for $3.41 per share in an all stock deal. Dimension shareholders will receive 0.1573 shares of Regenxbio in exchange for each of their shares in Dimension. Based on Dimension’s market cap on Monday, the deal value works out to $83 million. However since enterprise value is the more appropriate measure of deal value in most cases, Dimension’s enterprise value at the deal price works out to just $41 million after taking into account nearly $42 million in net cash on the balance sheet.
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