Merger Arbitrage Mondays – September 11, 2017
Merger activity decreased last week with four 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 was one new deal announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Rockwell Collins (COL) by United Technologies (UTX) for $30 billion in a cash plus stock deal. Under the terms of the agreement, each Rockwell Collins shareowner will receive $93.33 per share in cash and $46.67 in shares of UTC common stock, subject to a 7.5 percent collar centered on UTC’s August 22, 2017 closing share price of $115.69. We are treating this as a special conditions deal.
- The acquisition of YuMe (YUME) by RhythmOne (RTHM.L) for $102.36 million in a cash plus stock deal. Under the terms of the agreement, YuMe shareholders will receive $1.70 per share in cash and 7.325 shares in RhythmOne stock.
- The acquisition of Landauer (LDR) by Fortive Corporation (FTV) for $770 million or $67.25 per share in cash.
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