Merger Arbitrage Mondays – December 25, 2017

Merger activity increased last week with seven new deals announced and four pending 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 two new deals announced in the Deals in the Works section.

Deal Statistics:

New Deals:

1. The acquisition of Amplify Snack Brands (BETR) by The Hershey Company (HSY) for $1.6 billion or $12.00 per share in cash.
2. The acquisition of Pinnacle Entertainment (PNK) by Penn National Gaming (PENN) for $5.85 billion. Under the terms of the agreement, Pinnacle shareholders will receive $20.00 in cash and 0.42 shares of Penn National common stock for each Pinnacle share. We added this “potential” deal to our Deals in the Works tool on October 5, 2017.
3. The acquisition of Snyder’s-Lance (LNCE) by Campbell Soup Company (CPB) for $5.8 billion or $50.00 per share in cash. We added this “potential” deal to our Deals in the Works tool on December 14, 2017.

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