Merger Arbitrage Mondays – May 23, 2011
Merger activity increased last week with five new deals announced and seven closing.
You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.
Deal Statistics:
New Deals:
- The acquisition of Integral Systems (ISYS) by Kratos Defense & Security Solutions (KTOS) for $266 million in a cash plus stock deal, where where each Integral Systems share will be converted into $5.00 in cash and 0.588 of a share of Kratos common stock.
- The acquisition of Orthovita (VITA) by Stryker Corporation (SYK) for $316 million or $3.85 per share in cash.
- The acquisition of PRIMEDIA (PRM) by TPG Capital for $525 million or $7.10 per share in cash.
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