Merger Arbitrage Mondays – March 25, 2019
Merger activity remained unchanged last week with three new deals announced, two pending deals closing and one deal falling apart. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There were two new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Worldpay (WP) by Fidelity National Information Services (FIS) for $43 billion in a cash plus stock deal. Under the terms of the agreement, Worldpay shareholders will be entitled to receive 0.9287 FIS shares and $11.00 in cash for each share of Worldpay.
- The acquisition of American Midstream Partners (AMID) by ArcLight Energy Partners Fund for $2.03 billion or $5.25 per share in cash. We added AMID as a potential deal to the Deals in the Works section on January 3, 2019 and the price after the news of the potential deal came out was $3.15.
- The acquisition of HFF (HF) by Jones Lang LaSalle Incorporated (JLL) for $2 billion in a cash plus stock deal. Under the terms of the agreement, HFF shareholders will receive $24.63 in cash and 0.1505 JLL shares for each HFF share.
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