Merger Arbitrage Mondays – January 15, 2018
Merger activity increased last week with three new deals announced and two pending deal 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:
- The acquisition of TiGenix NV (TIG) by Takeda Pharmaceutical Company Limited for $520.25 million. Under the terms of the agreement, Takeda intends to acquire 100% of the securities with voting rights or giving access to voting rights of TiGenix not already owned by Takeda or affiliates at a price of EUR 1.78 per share in cash and an equivalent price in cash per American Depository Share, warrant and convertible bond. We are using the current Euro to Dollar Exchange rate of 1.2. Each American Depository Share represents 20 ordinary shares of TiGenix. The spread on the deal is subject to change based on the currency exchange rates.
- The acquisition of DST Systems (DST) by SS&C Technologies Holdings (SSNC) for $5.4 billion or $84.00 per share in cash.
- The acquisition of ZAIS Group Holdings (ZAIS) by Z Acquisition LLC for $42.2 million or $4.10 per share in cash.
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