Merger activity decreased last week with one new deal announced and one deal completed.
In spite of just a single deal announced last week, the month of August has been the most active month with respect to M&A activity this year.
Headquartered in Raliegh, North Carolina, BMC Stock Holdings (BMCH) has a comprehensive portfolio of products and solutions consisting of building materials. On August 27, the company agreed to combine with Builders FirstSource (BLDR) in an all stock deal worth $2.43 billion, creating one of the premier suppliers of building materials and services in the country. This deal comes at a time when lumber prices and home improvement retailers like Home Depot are at all time highs. Low interest rates and the need for space as more people work from home for extended periods of time is driving a surge in home buying and as a result higher demand for home building and remodeling products.
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.
Weekly Spread Changes:
The table below shows weekly spread changes between August 21, 2020, and August 28, 2020.
Symbol | Quote | Acquiring Company | Acquiring Company Quote | Current Spread | Last Week Spread | Spread Change Weekly | Deal Type |
---|---|---|---|---|---|---|---|
GNW | 2.37 | China Oceanwide Holdings Group Co., Ltd. (N/A) | 129.11% | 108.05% | 21.06% | All Cash | |
TAT | 0.2347 | TAT Holdco LLC and TAT Merger Sub LLC (N/A) | 0.00 | -44.61% | -49.61% | 5.00% | All Cash |
GILT | 5.35 | Comtech Telecommunications Corp. (CMTL) | 17 | 60.98% | 57.51% | 3.47% | Cash Plus Stock |
GRUB | 73 | Just Eat Takeaway.com N.V. (TKAYY) | 11.3 | 3.87% | 1.62% | 2.25% | All Stock |
TIF | 123.88 | LVMH Moët Hennessy Louis Vuitton SE (LVMUY) | 94.57 | 8.98% | 7.13% | 1.85% | All Cash |
ONDK | 1.7 | Enova International, Inc. (ENVA) | 17.93 | 4.09% | 6.71% | -2.62% | Cash Plus Stock |
CXDC | 1.18 | Faith Dawn Limited and Faith Horizon (N/A) | 1.69% | 4.35% | -2.66% | All Cash | |
MVC | 8.2 | Barings BDC, Inc. (BBDC) | 8.35 | 0.56% | 3.38% | -2.82% | Cash Plus Stock |
LINX | 6.6 | StoneCo Ltd. (STNE) | 51.87 | -5.00% | -1.10% | -3.90% | Special Conditions |
SUNW | 0.7355 | The Peck Company Holdings, Inc. (PECK) | 3.21 | -19.18% | -11.43% | -7.75% | All Stock |
Deal Statistics:
Total Number of Deals Closed in 2020 | 92 |
Total Number of Deals Not Completed in 2020 | 14 |
Total Number of Pending Deals | |
Cash Deals | 28 |
Stock Deals | 14 |
Stock & Cash Deals | 4 |
Special Conditions | 3 |
Total Number of Pending Deals | 49 |
Aggregate Deal Consideration | $634.86 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 | $4.42 | 09/30/2020 | 151.13% | 1779.45% |
GNW | 10/23/2016 | China Oceanwide Holdings Group Co., Ltd. (N/A) | $5.43 | $2.37 | 09/30/2020 | 129.11% | 1520.21% |
GILT | 01/29/2020 | Comtech Telecommunications Corp. (CMTL) | $8.61 | $5.35 | 10/31/2021 | 60.98% | 52.12% |
FIT | 11/01/2019 | Google LLC (GOOG) | $7.35 | $6.43 | 12/31/2020 | 14.31% | 42.46% |
CETV | 10/27/2019 | PPF Group N.V. (N/A) | $4.58 | $4.16 | 10/27/2020 | 10.10% | 63.54% |
TIF | 11/25/2019 | LVMH Moët Hennessy Louis Vuitton SE (LVMUY) | $135.00 | $123.88 | 12/31/2020 | 8.98% | 26.64% |
MXIM | 07/13/2020 | Analog Devices, Inc. (ADI) | $75.34 | $70.22 | 06/30/2021 | 7.28% | 8.75% |
CBMG | 08/12/2020 | CBMG management (N/A) | $19.75 | $18.79 | 12/31/2020 | 5.11% | 15.16% |
WLTW | 03/09/2020 | Aon plc (AON) | $216.12 | $205.66 | 06/30/2021 | 5.09% | 6.11% |
INWK | 07/16/2020 | HH Global Group Limited (N/A) | $3.00 | $2.86 | 12/31/2020 | 4.90% | 14.53% |
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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