Merger Arbitrage Mondays – October 11, 2010

Merger Activity remained steady this week with six new deals announced and four deals closing.

Deal Statistics:

New Deals:

1. The acquisition of Actel Corporation (ACTL) by Microsemi Corporation (MSCC) for $430 million or $20.88 per share in cash.
2. The acquisition of Thermadyne Holdings (THMD) by Irving Place Capital for $422 million or $15.00 per share in cash.
3. The acquisition of T-3 Energy Services (TTES) by Robbins & Myers (RBN) for $422 million in a cash plus stock deal where T-3 shareholders will receive 0.894 common shares of Robbins & Myers plus $7.95 in cash.

Modified Deals:

1. On October 06, 2010, after terminating its previously announced agreement with Trustmark Corporation, Cadence Financial Corporation (CADE) agreed to be acquired by Community Bancorp LLC for $38 million or $2.50 per share in cash.

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