Merger Arbitrage Mondays – September 17, 2018
Merger activity remained unchanged last week with four new deals announced and four 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 Engility Holdings (EGL) by Science Applications International (SAIC) for $2.5 billion in an all stock deal. Under the terms of the agreement, Engility stockholders will receive a fixed exchange ratio of 0.450 shares of SAIC common stock for each share of Engility stock. We added EGL as a potential deal to the Deals in the Works section on July 12, 2018 and the price after the news of the potential deal came out was $34.97.
- The acquisition of Integrated Device Technology (IDTI) by Renesas Electronics Corporation for $6.7 billion or $49.00 per share in cash.
- The acquisition of Invuity (IVTY) by Stryker Corporation (SYK) for $190 million or $7.40 per share in cash.
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