Merger Arbitrage Mondays – Five New Deals Announced And Ten Active Deals Close
Merger activity increased for the third week in a row with five new deals announced and ten deals closing. Four out of the five deals announced last week were valued at over $2 billion and two of them were rumored to be in the works before the actual announcement. 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 Central European Media Enterprises (CETV) by PPF Group for $2.1 billion or $4.58 per share in cash. We added CETV as a potential deal to the Deals in the Works section on March 25, 2019, and the price after the news of the potential deal came out was $3.74.
- The acquisition of InterXion Holding (INXN) by Digital Realty Trust (DLR) for $8.4 billion in an all stock deal, Under the terms of the definitive agreement, a subsidiary of Digital Realty will commence a tender offer to acquire all Interxion’s issued and outstanding ordinary shares in exchange for 0.7067 shares of Digital Realty common stock for each Interxion ordinary share.
- The acquisition of Anixter International (AXE) by Clayton, Dubilier & Rice for $3.8 billion or $81.00 per share in cash.
Only plus or premium subscribers can access this post. Subscribe today.
