Merger Arbitrage Mondays – July 8, 2019
Merger activity decreased last week with three new deals announced and six 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 Genesee & Wyoming (GWR) by affiliates of Brookfield Infrastructure and GIC (BIP) for $8.4 billion or $112.00 per share in cash. We added GWR as a potential deal to the Deals in the Works section on May 23, 2019 and the price after the news of the potential deal came out was $93.95.
- The acquisition of OMNOVA Solutions (OMN) by Synthomer for $909.23 million or $10.15 per share in cash.
- The acquisition of Northstar Realty Europe (NRE) by AXA Investment Managers for $1.08 billion or an estimated price of $17.03 per share in cash. The estimated price is based on three month forward foreign exchange rates for the Euro and GBP and likely to change based on the exchange rate at the time the deal closes.
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