Merger activity decreased last week with three new deals announced and three deals completed.
After a significant increase in the previous week, merger activity decreased slightly with three new deals announced last week. Johnson & Johnson (JNJ) announced the acquisition Momenta Pharmaceuticals (MNTA) last week for $6.1 billion or $52.50 per share in cash, representing a 70% premium to Momenta’s closing price on August 18, 2020. There have been six deals announced in the health care sector in the month of August so far, for a total value of over $45 billion.
You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There were two deals announced in the Deals in the Works section last week.
Weekly Spread Changes:
The table below shows weekly spread changes between August 14, 2020, and August 21, 2020.