Merger Arbitrage Mondays – August 6, 2018
Merger activity remained steady last week with four new deals announced, six pending deals closing and one deal failing. 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 RLJ Entertainment (RLJE) by AMC Networks (AMCX) for $274 million or $6.25 per share in cash. We added RLJE as a potential deal to the Deals in the Works section on February 26, 2018 and the price after the news of the potential deal came out was $4.22.
- The acquisition of Forest City Realty Trust (FCE-A) by Brookfield Asset Management (BAM) for $11.4 billion or $25.35 per share in cash. We added FCE-A as a potential deal to the Deals in the Works section on January 31, 2018 and the price after the news of the potential deal came out was $23.07.
- The acquisition of Energy Transfer Partners (ETP) by Energy Transfer Equity (ETE) for $61.59 billion. Under the terms of the transaction, ETP unitholders will receive 1.28 common units of ETE for each common unit of ETP they own.
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