Merger activity increased last week with three new deals announced and one deal closing.
The biggest highlight for last week was the acquisition of Maxim Integrated Products (MXIM) by Analog Devices (ADI) in an all stock deal for $21 billion, which is the largest deal so far this year.
There were two amendments announced last week. While Forescout Technologies (FSCT) and Advent International agreed to amend their merger agreement by reducing the deal price, Thermo Fisher Scientific (TMO) and QIAGEN (QGEN) amended their agreement by increasing the original offer price.
The original deal for Forescout Technologies (FSCT) was priced at $33 per share in cash. Advent attempted to walk away from the deal in mid-May, which caused the spread on the deal to expand to over 66% at some point. Forescout Technologies filed a lawsuit claiming Advent had violated the terms of the merger agreement. With this newly negotiated deal, that lawsuit has now been dismissed.
You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.