Merger Arbitrage Mondays – June 25, 2018
Merger activity increased last week with nine new deals announced and five 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 two new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of CoBiz Financial (COBZ) by BOK Financial Corporation (BOKF) for $977 million in a cash plus stock deal. Under the terms of the agreement, shareholders of CoBiz Financial will receive 0.17 shares of BOK Financial common stock and $5.70 in cash for each share of CoBiz common stock.
- The acquisition of Rent-A-Center (RCII) by Vintage Capital for $1.365 billion or $15.00 per share in cash. We added RCII as a potential deal to the Deals in the Works section on July 10, 2017 and the price after the news of the potential deal came out was $11.10.
- The acquisition of Energy XXI Gulf Coast (EGC) by a Cox Oil affiliate for $322 million or $9.10 per share in cash.
Only plus or premium subscribers can access this post. Subscribe today.
