Merger Arbitrage Mondays – M&A Kicks Into High Gear With Nine New Deals Announced
Merger activity increased with nine new deals announced and six 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 three new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of LogMeIn (LOGM) by Francisco Partners for $4.3 billion or $86.05 per share in cash. We added LOGM as a potential deal to the Deals in the Works section on December 11, 2019, and the price after the news of the potential deal came out was $79.83.
- The acquisition of Tallgrass Energy (TGE) by Blackstone Infrastructure Partners for $7.93 billion or $22.45 per share in cash.
- The merger of Southwest Georgia Financial Corporation (SGB) with The First Bancshares (FBMS) for $85.22 million in an all stock deal. Under the terms of the agreement, each SGB shareholder will receive 1.00 share of The First Bancshares’s common stock in exchange for each share of SGB common stock.
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