Merger activity decreased last week with two new deals announced and five deals completed.
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.
There were 18 SPAC IPOs filed and 1 new SPAC business combination announced last week. You can find the new SPAC IPO announcements in our SPACs tool here.
Weekly Spread Changes:
The table below shows weekly spread changes between October 15 and October 22, 2021.
|JOBS||63.98||Garnet Faith Limited (N/A)||0.00||23.55%||15.76%||7.79%||All Cash|
|CADE||21.48||BancorpSouth Bank (BXS)||30.71||5.90%||0.34%||5.56%||Cash Plus Stock|
|XLNX||172.59||Advanced Micro Devices, Inc. (AMD)||119.82||19.65%||15.60%||4.05%||All Stock|
|TEDU||1.06||Kidedu Holdings Limited (N/A)||277.36%||273.83%||3.53%||All Cash|
|RIVE||13.124||Mid Penn Bancorp, Inc. (MPB)||28.09||3.44%||1.22%||2.22%||All Stock|
|FVCB||20.6||Blue Ridge Bankshares, Inc. (BRBS)||18.16||1.31%||4.66%||-3.35%||All Stock|
|CHNG||21.2||UnitedHealth Group Incorporated (UNH)||449.16||21.46%||24.82%||-3.36%||All Cash|
|MSON||25.78||Bioventus Inc. (BVS)||15.28||8.61%||12.49%||-3.88%||Special Conditions|
|MX||17.97||South Dearborn Limited (N/A)||61.38%||65.81%||-4.43%||All Cash|
|KDMN||9.405||Sanofi (SNY)||49.92||1.01%||8.82%||-7.81%||All Cash|
|Total Number of Deals Closed in 2021||154|
|Total Number of Deals Not Completed in 2021||12|
|Total Number of Pending Deals|
|Stock & Cash Deals||8|
|Total Number of Pending Deals||89|
|Total Deal Size||$921.51 billion|
Top 10 deals with largest spreads:
|TEDU||04/30/2021||Kidedu Holdings Limited (N/A)||$4.00||$1.06||12/31/2021||277.36%||1510.98%|
|MX||03/26/2021||South Dearborn Limited (N/A)||$29.00||$17.97||12/31/2021||61.38%||334.38%|
|JOBS||06/21/2021||Garnet Faith Limited (N/A)||$79.05||$63.98||12/31/2021||23.55%||128.32%|
|CHNG||01/06/2021||UnitedHealth Group Incorporated (UNH)||$25.75||$21.2||12/31/2021||21.46%||116.92%|
|XLNX||10/27/2020||Advanced Micro Devices, Inc. (AMD)||$206.50||$172.59||12/31/2021||19.65%||107.03%|
|XONE||08/11/2021||Desktop Metal, Inc. (DM)||$25.50||$22.08||12/31/2021||15.49%||84.38%|
|AJRD||12/20/2020||Lockheed Martin Corporation (LMT)||$51.00||$44.33||12/31/2021||15.05%||81.97%|
|SJR||03/15/2021||Rogers Communications Inc. (RCI)||$32.40||$28.78||06/30/2022||12.58%||18.51%|
|SOLY||05/10/2021||Allergan Aesthetics (N/A)||$22.60||$20.67||12/31/2021||9.34%||50.87%|
|MSON||07/29/2021||Bioventus Inc. (BVS)||$28.00||$25.78||12/31/2021||8.61%||46.91%|
List of all pending deals:
List of all pending deals:
Disclaimer: I have long positions in Nuance Communications (NUAN), Change Healthcare (CHNG) and Trillium Therapeutics (TRIL). I also have put options in Change Healthcare. 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.