Merger Arbitrage Mondays – Cisco’s Acquisition of Acacia Trades At A 9% Discount
Merger activity remained steady last week with three new deals announced and one pending deal 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 Acacia Communications (ACIA) by Cisco Systems (CSCO) for $2.6 billion or $70.00 per share in cash. The spread for an all cash deal of this type that does not list China as one of its regulatory risks is unusually large at 8.7%.
- The acquisition of Milacron Holdings (MCRN) by Hillenbrand (HI) for $2 billion in a cash plus stock deal. Under the terms of the agreement, Milacron stockholders will receive $11.80 in cash and a fixed exchange ratio of 0.1612 shares of Hillenbrand common stock for each share of Milacron common stock they own.
- The acquisition of Tower International (TOWR) by Autokiniton Global Group for $900 million or $31.00 per share in cash.
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