Merger Arbitrage Mondays – October 31, 2011
Merger activity increased last week with five new deals announced and three 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 Healthspring (HS) by Cigna (CI) for $3.8 billion or $55.00 per share in cash.
- The acquisition of RightNow (RNOW) by Oracle (ORCL) for $1.3 billion or $43.00 per share in cash.
- The acquisition of Adolor (ADLR) by Cubist Pharmaceuticals (CBST) for $190 million or $4.25 per share in cash. In addition to the upfront cash payment, each Adolor stockholder will receive one Contingent Payment Right (CPR), entitling the holder to receive additional cash payments of up to $4.50 for each share they own if certain regulatory approvals and/or commercialization milestones for ADL5945 are achieved.
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