Merger Arbitrage Mondays – May 7, 2018
Merger activity decreased last week with six new deals announced and one 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 was one new deal announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Andeavor (ANDV) by Marathon Petroleum (MPC) for $35.6 billion in a cash or stock deal. Under the terms of the agreement, ANDV shareholders will have the option to choose 1.87 shares of MPC stock, or $152.27 in cash subject to a proration mechanism that will result in 15 percent of ANDV’s fully diluted shares receiving cash consideration.
- The acquisition of SteadyMed (STDY) by United Therapeutics Corporation (UTHR) for $216 million. Under the terms of the agreement, shareholders of SteadyMed will receive $4.46 per share in cash at closing and an additional $2.63 per share in cash upon the achievement of a milestone related to the commercialization of Trevyent®.
- The acquisition of Financial Engines (FNGN) by Hellman & Friedman for $3.02 billion or $45.00 per share in cash.
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