Merger activity increased last week with two new deals announced and one deal closing. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
After receiving necessary approvals, Caesars Entertainment Corporation (CZR) and Standard Diversified (SDI) are on track to closing their deals in the near future. For a brief moment of time, on March 18, 2020, the Caesars Entertainment Corporation deal traded at an astounding spread of 156.77% before narrowing back to pre-crisis levels.
Public disputes between The Gilat Satellite Networks (GILT) and Comtech Telecommunications have put the deal in trouble after Comtech filed a complaint stating that Gilat has suffered a “Material Adverse Effect”.
Late Sunday night, the Wall Street Journal reported that Analog Devices (ADI) is in talks to buy rival Maxim Integrated Products (MXIM) for roughly $20 billion in what would be one of the largest merger deals of the year.
There were two new deals announced in the Deals in the Works section last week.