Merger activity increased last week with two new deals announced and five deals completed. The two deals that were announced last week were potential deals in the works.
On December 15, 2020, Cardtronics (CATM) had entered into a definitive agreement with funds managed by affiliates of Apollo Global Management (APO) and Hudson Executive Capital to be acquired for $39 per share in cash. In the second week of January, there was significant change in the weekly spread for Cardtronics after it received an unsolicited proposal from NCR Corporation. On January 25, 2021, the company terminated its previous agreement and entered into a deal with NCR Corporation (NCR) to be acquired for $39.00 per share in cash.
On January 31, 2021, according to The Wall Street Journal, the chief executives of Exxon Mobil (XOM) and Chevron (CVX) spoke about combining the oil giants after the pandemic shook the world last year, testing the waters for what could be one of the largest corporate mergers ever.
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 new deals announced in the Deals in the Works section last week.