Merger Arbitrage Mondays – M&A Activity Increases For The Fourth Week In A Row
Merger activity increased with six new deals announced and two 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 Wright Medical Group (WMGI) by Stryker Corporation (SYK) for $5.4 billion or $30.75 per share in cash.
- The acquisition of IBERIABANK Corporation (IBKC) by First Horizon National Corporation (FHN) for $5.28 billion in an all stock deal. Under the terms of the merger agreement, IBERIABANK shareholders will receive 4.584 shares of First Horizon for each IBERIABANK share they own.
- The acquisition of Pattern Energy Group (PEGI) by Canada Pension Plan Investment Board for $6.1 billion or $26.75 per share in cash. We added PEGI as a potential deal to the Deals in the Works section on August 12, 2019, and the price after the news of the potential deal came out was $24.76.
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