Merger Arbitrage Mondays – Twelve New Deals Wrap Up a Blockbuster Quarter For Mergers
Merger activity went on a tear last week with twelve 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 Caesars Entertainment Corporation (CZR) by Eldorado Resorts (ERI) for $17.3 billion in a cash plus stock deal. Under the terms of the agreement, Eldorado will acquire all of the outstanding shares of Caesars for a total value of $12.75 per share, consisting of $8.40 per share in cash consideration and 0.0899 shares of Eldorado common stock for each Caesars share of common stock.
- The acquisition of PCM, Inc. (PCMI) by Insight Enterprises (NSIT) for $581 million or $35.00 per share in cash.
- The acquisition of Rudolph Technologies (RTEC) by Nanometrics Incorporated (NANO) for $673.87 million in an all stock deal. Under the terms of the agreement Rudolph stockholders will receive 0.8042 shares of Nanometrics common stock for each Rudolph share.
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