Merger activity decreased with one new deal announced, eight deals closing and one deal falling apart. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There were no new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
We did not have any traditional mergers or acquisitions announced last week and the only deal inked was the merger of a special purpose acquisition company (SPAC), Leisure Acquisition (LACQ), with the operating company GTWY Holdings Limited in a one for one share exchange. The enterprise value of the combined entity is expected to be $1.115 billion. SPACs or blank check companies are publicly traded companies with no operations of their own. They are set up to find an operating business and eventually merge into that operating business, which in this case is GTWY Holdings, the Canadian holding company for Gateway Casinos & Entertainment Limited.