Merger Arbitrage Mondays – December 24, 2018
Merger activity decreased last week with two new deals announced, eight pending deals closing and one deal terminated. 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 Fidelity Southern Corporation (LION) by Ameris Bancorp (ABCB) for $750.7 million in an all stock deal. Under the terms of the definitive merger agreement, each share of Fidelity common stock, including restricted shares, will be converted into the right to receive 0.80 shares of Ameris common stock.
- The acquisition of Civitas Solutions (CIVI) by funds advised by Centerbridge Partners for $1.4 billion or $17.75 per share in cash. We added CIVI as a potential deal to the Deals in the Works section on October 05, 2018 and the price after the news of the potential deal came out was $16.06.
Only plus or premium subscribers can access this post. Subscribe today.
