Merger Arbitrage Mondays

Merger Arbitrage Mondays – Berkshire Hathaway Acquires Insurer Alleghany For $11.6 Billion

Merger Arbitrage Mondays – Berkshire Hathaway Acquires Insurer Alleghany For $11.6 Billion

Merger activity decreased last week with three new deals announced and two deals completed. Alleghany Corporation (Y) Incorporated in 1929 and based in New York, Alleghany Corporation was originally created as a holding company for railroad interests by railroad entrepreneurs Oris and Mantis Van Sweringen. Alleghany operates in three segments: reinsurance, insurance, and Alleghany Capital, providing property and casualty reinsurance and insurance products in the United States and internationally. Berkshire Hathaway (BRK.A, BRK.B) ...

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Merger Arbitrage Mondays – Anaplan To Be Acquired By Thoma Bravo For $10.7 Billion

Merger Arbitrage Mondays – Anaplan To Be Acquired By Thoma Bravo For $10.7 Billion

We see a lot of chatter about potential deals every week and while most of these deals don’t come to fruition, a surprisingly large number do. We analyzed 200 potential deals in our “deals in the works” (DITW) database in December 2018 and updated our analysis in October 2021 after the number had grown to 477 potential deals. In a post we wrote about a potential deal for the largest ...

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Merger Arbitrage Mondays – Google Acquires Cybersecurity Firm Mandiant

Merger Arbitrage Mondays – Google Acquires Cybersecurity Firm Mandiant

Merger activity declined last week with three new deals announced and five deals completed. Two of the three new deals announced were potential deals in the works. I was surprised to see that four SPAC combinations were terminated. Clearly the SPAC bubble continues to deflate due to unfavorable market conditions. Things are however starting to look very interesting on the merger arbitrage front. We have identified three deals that look ...

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Merger Arbitrage Mondays – Healthcare Trust Of America To Combine With Healthcare Realty Trust

Merger Arbitrage Mondays – Healthcare Trust Of America To Combine With Healthcare Realty Trust

Merger activity increased last week with six new deals announced and six deals completed. Three of the six new deals announced were potential deals in the works. Healthcare Trust of America (HTA) Founded in 2006, Healthcare Trust of America is a healthcare focused REIT and the largest operator of dedicated medical office buildings (MOB) in the United States. The company owns real estate though 461 on-campus and off-campus properties around hospitals ...

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Merger Arbitrage Mondays – Standard General Acquires Tegna

Merger Arbitrage Mondays – Standard General Acquires Tegna

Merger activity remained steady with five new deals announced, four deals completed and one deal terminated. Two of the five new deals announced were potential deals in the works. TEGNA Inc. (TGNA) Founded in 1906 and headquartered in Tysons, Virginia, TEGNA is a digital media and marketing services company. It was created on June 29, 2015, when the Gannett Company split into two publicly traded companies. We first added TEGNA as a potential ...

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Merger Arbitrage Mondays – Three Potential Deals Come To Fruition

Merger Arbitrage Mondays – Three Potential Deals Come To Fruition

Merger activity increased last week with five new deals announced and five deals completed. Three of the five new deals announced were successful “deals in the works”. Tower Semiconductor (TSEM) Founded in 1993 and headquartered in Migdal Haemek, Israel, Tower Semiconductor is an independent foundry of analog semiconductor solutions that provides technology and manufacturing platforms for integrated circuits (ICs) in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace ...

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Merger Arbitrage Mondays – Lockheed Martin Scraps Plans To Buy Aerojet Rocketdyne

Merger Arbitrage Mondays – Lockheed Martin Scraps Plans To Buy Aerojet Rocketdyne

Merger activity remained steady last week with two new deals announced and one deal completed. Antitrust scrutiny caused another deal to fail on Sunday. Lockheed Martin (LMT) announced the acquisition of Aerojet Rocketdyne (AJRD) over a year ago and the deal has been through several hurdles. Antitrust regulators announced early in 2021 that they would likely lengthen their investigation of the purchase. On January 25, 2022, the Federal Trade Commission sued to block the ...

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Merger Arbitrage Mondays – Citrix To Be Acquired By Vista And Elliott

Merger Arbitrage Mondays – Citrix To Be Acquired By Vista And Elliott

Merger activity remained steady last week with two new deals announced and five deals completed. Founded in 1989 and headquartered in Fort Lauderdale, Florida, Citrix Systems (CTXS) is a multinational cloud computing and virtualization technology company. The company provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. Citrix began its operations by developing remote access products for Microsoft operating systems, licensing source code from Microsoft, and has had a long-standing partnership with the company. The products offered by Citrix were ...

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Merger Arbitrage Mondays – A Second Attempt For DouYu?

Merger activity remained steady last week with two new deals announced and four deals completed. With two deals announced each week, there have been a total of eight new deals announced so far in the month of January. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours. There were five new deals announced in the Deals in the ...

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Merger Arbitrage Mondays – Activision Blizzard Trades At A Big Discount To Microsoft’s Acquisition Price

Merger Arbitrage Mondays – Activision Blizzard Trades At A Big Discount To Microsoft’s Acquisition Price

Merger activity remained steady last week with two new deals announced, three deals completed and one deal that terminated. In our previous Merger Arbitrage Mondays post, we wrote that the largest gaming company acquisition in history was announced when Take-Two (TTWO) announced that it was acquiring Zynga (ZNGA) for $12.7 billion. A week later, Microsoft (MSFT) surprised the gaming industry when it announced that it is acquiring Activision Blizzard (ATVI) ...

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