Merger Arbitrage Mondays – March 5, 2018
Merger activity increased last week with four new deals announced and three 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 three new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of PHH Corporation (PHH) by Ocwen Financial Corporation (OCN) for $479 million or $11.00 per share in cash.
- The acquisition of Student Transportation (STB) by a company sponsored by Caisse de dépôt et placement du Québec and Ullico for $1.19 billion or $7.50 per share in cash, based on an exchange rate of $1.2776 Canadian dollars per U.S. dollars as of February 27, 2018..
- The acquisition of AmTrust Financial Services (AFSI) by the Karfunkel-Zyskind Family for $3.39 billion or $13.50 per share in cash. We added AFSI as a potential deal to the Deals in the Works section on January 10, 2018 and the price after the news of the potential deal came out was $12.55.
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