Merger Arbitrage Mondays – July 16, 2018
Merger activity decreased last week with two 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 CA, Inc. (CA) by Broadcom (AVGO) for $18.4 billion or $44.50 per share in cash. We added CA as a potential deal to the Deals in the Works section on June 20, 2017 and the price after the news of the potential deal came out was $36.39.
- The acquisition of Poage Bankshares (PBSK) by City Holding Company (CHCO) for $93.5 million in an all stock deal. Under the terms of the Poage merger agreement, Poage shareholders will receive 0.335 shares of City common stock for each outstanding share of Poage common stock.
Only plus or premium subscribers can access this post. Subscribe today.
