Merger Arbitrage Mondays – May 28, 2018
Merger activity remained unchanged last week with three 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 four new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of MB Financial (MBFI) by Fifth Third Bancorp (FITB) for $4.7 billion in a cash plus stock deal. Under the terms of the agreement, common shareholders of MB Financial will receive $54.20 of total consideration, consisting of 1.45 shares of Fifth Third common stock and $5.54 in cash for each share of MB Financial common stock.
- The acquisition of LaSalle Hotel Properties (LHO) by affiliates of Blackstone Real Estate Partners for $4.8 billion or $33.50 per share in cash. We added LHO as a potential deal to the Deals in the Works section on March 28, 2018 and the price after the news of the potential deal came out was $28.13.
- The acquisition of Guaranty Bancorp (GBNK) by Independent Bank Group (IBTX) for $1 billion in an all stock deal. Under the terms of the merger agreement, shareholders of Guaranty Bancorp will receive 0.45 shares of IBTX common stock for each share of GBNK common stock.
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