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.
Symbol | Quote | Acquiring Company | Acquiring Company Quote | Current Spread | Last Week Spread | Spread Change Weekly | Deal Type |
---|---|---|---|---|---|---|---|
CDOR | 4.38 | NexPoint Hospitality Trust (N/A) | 153.42% | 146.67% | 6.75% | All Cash | |
GILT | 5.45 | Comtech Telecommunications Corp. (CMTL) | 16.67 | 57.51% | 53.32% | 4.19% | Cash Plus Stock |
CXDC | 1.15 | Faith Dawn Limited and Faith Horizon (N/A) | 4.35% | 2.56% | 1.79% | All Cash | |
ONDK | 1.51 | Enova International, Inc. (ENVA) | 16.21 | 6.71% | 5.17% | 1.54% | Cash Plus Stock |
GSB | 9.54 | HelpSystems (N/A) | -0.42% | -1.76% | 1.34% | All Cash | |
CETV | 4.12 | PPF Group N.V. (N/A) | 11.17% | 13.09% | -1.92% | All Cash | |
BREW | 15.89 | Anheuser-Busch (N/A) | 3.84% | 5.77% | -1.93% | All Cash | |
GNW | 2.61 | China Oceanwide Holdings Group Co., Ltd. (N/A) | 108.05% | 111.28% | -3.23% | All Cash | |
SUNW | 0.761 | The Peck Company Holdings, Inc. (PECK) | 3.64 | -11.43% | -4.79% | -6.64% | All Stock |
Deal Statistics:
Total Number of Deals Closed in 2020 | 91 |
Total Number of Deals Not Completed in 2020 | 14 |
Total Number of Pending Deals | |
Cash Deals | 29 |
Stock Deals | 13 |
Stock & Cash Deals | 4 |
Special Conditions | 3 |
Total Number of Pending Deals | 49 |
Aggregate Deal Consideration | $632.83 billion |
New Deals:
Deal Updates:
Closed Deals:
Top 10 deals with largest spreads:
Symbol | Announced Date | Acquiring Company | Closing Price | Last Price | Closing Date | Profit | Annualized Profit |
---|---|---|---|---|---|---|---|
CDOR | 07/22/2019 | NexPoint Hospitality Trust (N/A) | $11.10 | $4.38 | 09/30/2020 | 153.42% | 1473.68% |
GNW | 10/23/2016 | China Oceanwide Holdings Group Co., Ltd. (N/A) | $5.43 | $2.61 | 09/30/2020 | 108.05% | 1037.81% |
GILT | 01/29/2020 | Comtech Telecommunications Corp. (CMTL) | $8.58 | $5.45 | 10/31/2021 | 57.51% | 48.37% |
FIT | 11/01/2019 | Google LLC (GOOG) | $7.35 | $6.35 | 12/31/2020 | 15.75% | 44.22% |
CETV | 10/27/2019 | PPF Group N.V. (N/A) | $4.58 | $4.12 | 10/27/2020 | 11.17% | 62.70% |
TIF | 11/25/2019 | LVMH Moët Hennessy Louis Vuitton SE (LVMUY) | $135.00 | $126.01 | 09/30/2020 | 7.13% | 68.53% |
ONDK | 07/28/2020 | Enova International, Inc. (ENVA) | $1.61 | $1.51 | 12/31/2020 | 6.71% | 18.84% |
MXIM | 07/13/2020 | Analog Devices, Inc. (ADI) | $73.09 | $68.51 | 06/30/2021 | 6.69% | 7.85% |
WLTW | 03/09/2020 | Aon plc (AON) | $209.13 | $198.08 | 06/30/2021 | 5.58% | 6.55% |
CBMG | 08/12/2020 | CBMG management (N/A) | $19.75 | $18.74 | 12/31/2020 | 5.39% | 15.13% |
List of all pending deals:
Disclaimer: Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.
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