Merger Arbitrage Mondays – QIAGEN Shareholders Want More

Merger activity increased significantly last week with eight new deals announced and one deal terminated.

This is the highest number of deals announced in a single week this year but most of these deals were relatively small compared to the multi-billion dollar deals we saw in the week prior. Two of the new deals announced were from the energy sector, one of the hardest hit sectors during the COVID-19 pandemic. Based in Irving, Texas, Montage Resources Corporation is an independent oil and natural gas exploration and production company. On August 12, 2020, Montage Resources Corporation (MR) agreed to be acquired by Southwestern Energy Company (SWN) in an all stock deal worth $835 million.

Another highlight from last week was Thermo Fisher Scientific (TMO) terminating its acquisition agreement with QIAGEN (QGEN) after QIAGEN shareholders refused to tender their shares.

You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.

There was one new deal announced in the Deals in the Works section last week.

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