Merger Arbitrage Mondays – April 1, 2019
Merger activity increased last week with four 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 were three new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of TIER REIT (TIER) by Cousins Properties Incorporated (CUZ) for $2.38 billion in an all stock deal. Under the terms of the agreement, Cousins will issue 2.98 shares of newly issued common stock in exchange for each share of TIER stock.
- The acquisition of WellCare Health Plans (WCG) by Centene Corporation (CNC) for $17.3 billion in a cash plus stock deal. Under the terms of the merger agreement, WellCare shareholders will receive a fixed exchange ratio of 3.38 shares of Centene common stock and $120 in cash for each share of WellCare common stock.
- The acquisition of Quantenna Communications (QTNA) by ON Semiconductor Corporation (ON) for $936 million or $24.50 per share in cash.
Only plus or premium subscribers can access this post. Subscribe today.
