Merger Arbitrage Mondays – December 17, 2018
Merger activity increased last week with five new deals announced and five 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 Nutrisystem (NTRI) by Tivity Health (TVTY) for $1.4 billion in a cash plus stock deal. Under the terms of the merger agreement, each outstanding share of Nutrisystem stock will be exchanged for $38.75 in cash and 0.2141 shares of Tivity Health common stock.
- The acquisition of Travelport Worldwide Limited (TVPT) by affiliates of Siris Capital Group for $4.4 billion or $15.75 per share in cash. We added TVPT as a potential deal to the Deals in the Works section on December 06, 2018 and the price after the news of the potential deal came out was $15.72.
- The acquisition of SI Financial Group (SIFI) by Berkshire Hills Bancorp (BHLB) for $180 million in an all stock deal. Under the terms of the merger agreement, each outstanding share of SIFI common stock will be exchanged for 0.48 shares of Berkshire Hills common stock.
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