Merger Arbitrage Mondays – August 20, 2018
Merger activity remained unchanged last week with three new deals announced and two pending deal closing less than two months after they were 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 Energen Corporation (EGN) by Diamondback Energy (FANG) for $9.2 billion in an all stock deal. Under the terms of the agreement, shareholders of Energen will receive 0.6442 shares of Diamondback common stock in exchange for each share of Energen common stock.
- The acquisition of KMG Chemicals (KMG) by Cabot Microelectronics Corporation (CCMP) for $1.6 billion in a cash plus stock deal. Under the terms of the agreement, KMG shareholders will be entitled to receive, per KMG share, $55.65 in cash and 0.2000 of a share of Cabot Microelectronics common stock.
- The acquisition of Zoe’s Kitchen (ZOES) by Cava Group for $300 million or $12.75 per share in cash.
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