Merger Arbitrage Mondays – Novartis Confirms The Acquisition Of The Medicines Company
Merger activity decreased with three new deals announced and five 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 Carolina Financial Corporation (CARO) by United Bankshares (UBSI) for $1.1 billion in an all stock deal. Under the terms of the agreement, United will acquire 100% of the outstanding shares of Carolina Financial in exchange for 1.13 of United’s shares.
- The acquisition of The Medicines Company (MDCO) by Novartis AG (NVS) for $9.7 billion or $85.00 per share in cash. We added MDCO as a potential deal to the Deals in the Works section on November 19, 2019, and the price after the news of the potential deal came out was $70.21.
- The acquisition of Tiffany & Co. (TIF) by LVMH Moët Hennessy Louis Vuitton SE (LVMUY) for $16.2 billion or $135.00 per share in cash. We added TIF as a potential deal to the Deals in the Works section on October 28, 2019, and the price after the news of the potential deal came out was $129.72.
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