Merger activity remained steady last week with one new deal announced, six deals closing and one deal called off.
The month of June ended with six active deals being completed and another deal terminated, resulting in a total of five deals terminated in a single month. June was also the most active month with respect to new deals announced in the second quarter of 2020, with six new deals announced and ten new potential deals announced.
The month of July began with the announcement of an all stock merger agreement between Dime Community Bancshares (DCOM) and Bridge Bancorp (BDGE), which will result in Dime shareholders owning approximately 52% and Bridge shareholders will own approximately 48% of the combined company.
There was one potential deal announced last week. The special committees of Liberty Broadband Corporation (LBRDA) and GCI Liberty (GLIBA) reached a preliminary understanding regarding a possible exchange ratio for a potential business combination transaction between Liberty Broadband and GCI Liberty, in which Liberty Broadband would acquire all of the outstanding shares of GCI Liberty in a stock-for-stock merger.
You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.