Merger Arbitrage Mondays – October 1, 2018
Merger activity decreased last week with four new deals announced and two 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 was one new deal announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Randgold Resources Limited (GOLD) by Barrick Gold Corporation (ABX) for $5.68 billion in an all stock deal. Under the terms of the agreement, shareholders of Randgold Resources will get 6.128 new Barrick shares for each Randgold share they hold.
- The acquisition of Pandora Media (P) by Sirius XM Holdings (SIRI) for $3.5 billion in an all stock deal. Under the terms of the agreement, the owners of the outstanding shares in Pandora that SiriusXM does not currently own will receive a fixed exchange ratio of 1.44 newly issued SiriusXM shares for each share of Pandora they hold.
- The acquisition of XO Group (XOXO) by WeddingWire for $933 million or $35.00 per share in cash.
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