Merger Arbitrage Mondays – Ebix Acquires Yatra Online
Merger activity increased last week with four 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 Carrizo Oil & Gas (CRZO) by Callon Petroleum Company (CPE) for $3.2 billion in an all stock deal. Under the terms of the agreement, Carrizo shareholders will receive a fixed exchange ratio of 2.05 Callon shares for each share of Carrizo common stock they own.
- The acquisition of Carolina Trust BancShares (CART) by Carolina Financial Corporation (CARO) for $100.1 million in a cash or stock deal. Under the terms of the merger agreement, Carolina Trust shareholders will receive 0.3000 shares of Carolina Financial common stock, or $10.57 in cash for each share of Carolina Trust’s common stock outstanding, subject to election and proration such that the aggregate consideration will consist of 90 percent Carolina Financial stock and 10 percent cash. We are treating this as an all stock deal.
- The acquisition of United Financial Bancorp (UBNK) by People’s United Financial (PBCT) for $759 million in an all stock deal. Under the terms of the agreement, United Financial Bancorp shareholders will receive 0.875 shares of People’s United Financial stock for each United Financial Bancorp share.
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