Merger Arbitrage Mondays – October 18, 2010

Activity on the merger front continued to remain steady with seven new deals announced and two closing.

Deal Statistics:

New Deals:

1. The acquisition of Gymboree (GYMB) by Bain Capital Partners for $1.8 billion or $65.40 per share in cash. I still recollect writing about Gymboree back in June 2007 and picking the stock up a couple of weeks later for $42.02. Unfortunately I sold the stock about a year later in anticipation of a retail slowdown.
2. The acquisition of King Pharmaceuticals (KG) by Pfizer (PFE) for $3.6 billion or $14.25 per share in cash.
3. The acquisition of ActivIdentity (ACTI) by Assa Abloy AB for $162 million or $3.25 per share in cash.

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