Merger Arbitrage Mondays – Pacific Biosciences Drops After U.K.’s Competition and Markets Authority Raises Concerns
Merger activity increased last week with four new deals announced and four 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 were two new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Innophos Holdings (IPHS) by an affiliate of One Rock Capital Partners for $932 million or $32.00 per share in cash.
- The acquisition of Cision (CISN) by an affiliate of Platinum Equity for $2.74 billion or $10.00 per share in cash. We added CISN as a potential deal to the Deals in the Works section on March 4, 2019, and the price after the news of the potential deal came out was $13.84.
- The acquisition of PB Bancorp (PBBI) by Centreville Bank for $115.5 million or $15.25 per share in cash.
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