Merger Arbitrage Mondays – Nine New Deals Worth Over $100 Billion Announced Last Week
Merger activity increased last week with nine new deals announced and two 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 Chesapeake Lodging Trust (CHSP) by Park Hotels & Resorts (PK) for $2.7 billion in a cash plus stock deal. Under the terms of the merger agreement, Chesapeake shareholders will receive $11.00 in cash and 0.628 of a share of Park common stock for each Chesapeake share.
- The acquisition of Aquantia (AQ) by Marvell Technology Group (MRVL) for $452 million or $13.25 per share in cash.
- The acquisition of Intermolecular (IMI) by Merck KGaA for $28.5 million or $1.20 per share in cash.
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