Merger Arbitrage Mondays – March 19, 2018
Merger activity remained unchanged last week with five new deals announced. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There were three new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Oclaro (OCLR) by Lumentum Holdings (LITE) for $1.8 billion in a cash plus stock deal. Under the terms of the agreement, for each share of Oclaro stock held, Oclaro stockholders will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock.
- The acquisition of United Community Bancorp (UCBA) by Civista Bancshares (CIVB) for $114.4 million in a cash plus stock deal. Under the terms of the agreement, the consideration United shareholders will receive is equivalent to 1.027 shares of Civista common stock and $2.54 in cash per share of United common stock.
- The acquisition of Cogentix Medical (CGNT) by LABORIE Medical Technologies for $214 million or $3.85 per share in cash.
Only plus or premium subscribers can access this post. Subscribe today.
