A tumultuous year finally came to an end with one new deal announced last week and two deals completed. The month of December was the most active of 2020 with 27 new deals announced for a total consideration of $114 billion.
In our first ‘Merger Arbitrage Mondays’ post for the year 2020 ‘Merger Arbitrage Mondays – A SPAC Finds A Home‘, we wrote about a Special Purpose Acquisition Company (SPAC) deal, which was the only deal announced that week. GTWY Holdings Limited and Leisure Acquisition (LACQ) had entered into a definitive agreement for a business combination. The combination was terminated on July 16, 2020. As we begin another year, we look forward to adding and updating SPACs in our new SPACs tool here.
A new SPAC deal was announced on December 30, 2020. Perella Weinberg Partners and FinTech Acquisition Corp. IV (FTIV) entered into a definitive business combination agreement. Upon closing of the transaction, the combined company will operate as Perella Weinberg Partners and will be listed on NASDAQ under the new symbol “PWP.” The transaction reflects an implied equity value for the company of approximately $975 million.
You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There were no new deals announced in the Deals in the Works section last week.