Merger activity increased last week with five new deals being announced and eight deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.
Deal Statistics:
| Total Number of Deals Closed in 2010 | 109 |
| Total Number of Deals That Did Not Complete in 2010 | 6 |
| Total Number of Pending Deals | |
| Cash Deals | 58 |
| Stock Deals | 16 |
| Stock & Cash Deals | 10 |
| Total Number of Pending Deals | 84 |
New Deals:
- The acquisition of Bucyrus International (BUCY) by Caterpillar (CAT) for $8.6 billion or $92 per share in cash
- The acquisition of Isilon Systems (ISLN) by EMC Corporation (EMC) for $2.25 billion or $33.85 per share in cash
- The acquisition of Ladish Co (LDSH) by Allegheny Technologies (ATI) for $778 million or $24 in cash and 0.4556 share of Allegheny stock in a cash plus stock deal
- The acquisition of Hypercom Corporation (HYC) by Verifone Systems (PAY) for $485 million or 0.23 shares of VeriFone in an all-stock deal
- The acquisition of LTX – Credence Corporation (LTXC) by Verigy Ltd (VRGY) for $422 million or 0.96 shares of Verigy in an all-stock deal
Deal Updates:
- Buckeye GP Holdings L.P. (BGH) announced that their respective unitholders have approved their proposed merger
- Phoenix Technologies Ltd.(PTEC) announced that at a special meeting, the Phoenix stockholders approved the Company's merger with Pharaoh Merger Sub Corp
Closed Deals:
- The acquisition of ExpressJet Holdings (XJT) by Skywest (SKYW) on November 15, 2010
- The acquisition of O.I. Corporation (OICO) by ITT Corporation (ITT) on November 16, 2010
- The acquisition of Psychiatric Solutions (PSYS) by Universal Health Services (UHS) on November 16, 2010
- The acquisition of Osteotech (OSTE) by Medtronic (MDT) on November 16, 2010
- The acquisition of Pactiv Corporation (PTV) by Reynold Group Holdings Limited on November 16, 2010
- The acquisition of Atlantic Bancorp (ATBC) by Jacksonville Bancorp (JAXB) on November 17, 2010. Interestingly the spread on this deal even last Monday was 5.21%.
- The acquisition of Wainwright Bank & Trust Company (WAIN) by Eastern Bank Corporation on November 17, 2010
- The acquisition of AGA Medical Holdings (AGAM) by St. Jude Medical Inc. (STJ) on November 19, 2010
Top 10 Deals with largest spreads:
| Symbol | Announced Date |
Acquiring Company |
Closing Price |
Last Price |
Closing Date |
Profit | Annu. Profit |
|---|---|---|---|---|---|---|---|
| TLCR | 06/07/2010 | Grifols (GRF.MC) | $27.47 | $22.04 | 03/31/2011 | 24.63% | 69.70% |
| DTG | 04/26/2010 | Avis (CAR) | $54.36 | $46.66 | 12/31/2010 | 16.51% | 154.47% |
| HYC | 11/17/2010 | Verifone Systems (PAY) | $7.78 | $7.24 | 09/30/2011 | 7.41% | 8.67% |
| PVG | 09/21/2010 | Penn Virginia Resource Partners (PVR) | $26.88 | $25.04 | 12/31/2010 | 7.35% | 68.82% |
| MROE | 10/06/2010 | Old National Bancorp (ONB) | $12.72 | $11.90 | 03/31/2011 | 6.93% | 19.60% |
| MAJCD | 09/21/2010 | Bayside Capital Partners (N/A) | $4.50 | $4.25 | 03/31/2011 | 5.88% | 16.64% |
| PNNW | 11/12/2010 | City of Nashua (N/A) | $29.00 | $27.45 | 09/30/2011 | 5.65% | 6.61% |
| ADAM | 08/30/2010 | Ebix Inc. (EBIX) | $6.76 | $6.44 | 12/31/2010 | 4.91% | 45.92% |
| CRXL | 10/06/2010 | Johnson & Johnson (JNJ) | $34.40 | $32.81 | 03/31/2011 | 4.85% | 13.71% |
| AAI | 09/27/2010 | Southwest Airlines (LUV) | $7.75 | $7.45 | 03/31/2011 | 4.03% | 11.39% |
List of all pending deals:
| Symbol | Announced Date |
Acquiring
Company |
Closing Value |
Closing Price |
Last
Price |
Closing Date |
Profit | Annu. Profit |
|---|---|---|---|---|---|---|---|---|
| TLCR | 06/07/2010 | Grifols (GRF.MC) | $3.4 billion | $27.47 | $22.04 | 03/31/2011 | 24.63% | 69.70% |
| Details of Talecris Expected to close by the end of the year for a closing value of $3.4 billion. On the completion of the merger Grifols will pay $19 in cash and 0.641 newly issued, nonvoting shares for each share of Talecris. Update Nov 15: U.S. antitrust regulators might seek to block Grifols�s purchase of Talecris. The expected completion date has been updated to 3/31/2011. |
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| DTG | 04/26/2010 | Avis (CAR) | $1.56 billion | $54.36 | $46.66 | 12/31/2010 | 16.51% | 154.47% |
| Details of Dollar Thrifty Automotive Group Details about the original Hertz offer with updates below: Expected to close by the end of the year for a value of $1.3 billion. The transaction values Dollar Thrifty stock at approximately $41.00 per share. the $41.00 per share purchase price is comprised of 80% cash consideration and 20% stock consideration. The cash portion will be paid in two components; (1) a $200 million special cash dividend representing approximately $6.88 per share, to be paid by Dollar Thrifty immediately prior to the transaction closing and (2) $25.92 per share to be paid by Hertz at the closing. The stock is at a fixed exchange ratio of 0.6366 per share, based upon a Hertz common stock closing price of $12.88 per share on April 23, 2010. Revision on 09/13/2010: Hertz raised its offer for Dollar Thrifty Automotive Group Inc. to $50 a share, or about $1.56 billion, topping a proposal from Avis Budget Group Inc. Update 10/1/2010: Dollar Thrifty shareholders rejected the Hertz deal yesterday. DTG has indicated its willingness to work with Avis's offer of nearly $53 per share ($45.79 in cash plus 0.6543 shares of Avis) but has asked the company to hold off on making a formal offer. |
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| HYC | 11/17/2010 | Verifone Systems (PAY) | $485 million | $7.78 | $7.24 | 09/30/2011 | 7.41% | 8.67% |
| Details of Hypercom Corporation Expected to close in the second half of 2011 for a closing value of $485 million in an all stock deal. On the completion of the merger, Hypercom shareholders will receive 0.23 shares of VeriFone stock for each Hypercom share they own. |
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| PVG | 09/21/2010 | Penn Virginia Resource Partners (PVR) | $954 million | $26.88 | $25.04 | 12/31/2010 | 7.35% | 68.82% |
| Details of Penn Virginia GP Holdings
Expected to close by the end of the year for a closing value of $954 million. On the completion of the merger, Penn Virginia GP Holdings unitholders will receive 0.98 units of Penn Virginia Resource Partners per Penn Virginia GP Holdings unit held. |
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| MROE | 10/06/2010 | Old National Bancorp (ONB) | $83.5 million | $12.72 | $11.90 | 03/31/2011 | 6.93% | 19.60% |
| Details of Monroe Bancorp Expected to close by the end of this year or the first quarter of 2011 for a closing value of $83.5 miilion. On the completion of the merger, Monroe Bancorp shareholders Monroe shareholders will receive 1.275 shares of Old National for every share held. |
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| MAJCD | 09/21/2010 | Bayside Capital Partners (N/A) | $7.8 million | $4.50 | $4.25 | 03/31/2011 | 5.88% | 16.64% |
| Details of Majestic Capital Expected to close in the first quarter of 2011 for a closing value of $7.8 million. On the completion of the merger, Majestic Capital shareholders will receive $0.45 per share in cash. Update Nov 5, 2010: The stock symbol and closing price have been updated to reflect a 1:10 reverse stock split that became effective as of Nov 4, 2010. |
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| PNNW | 11/12/2010 | City of Nashua (N/A) | $138 million | $29.00 | $27.45 | 09/30/2011 | 5.65% | 6.61% |
| Details of Pennichuk Corporation Expected to close in the third quarter of 2011 for a closing value of $138 million. On the completion of the merger, Pennichuck shareholders will receive $29.00 per share in cash. |
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| ADAM | 08/30/2010 | Ebix Inc. (EBIX) | $66 million | $6.76 | $6.44 | 12/31/2010 | 4.91% | 45.92% |
| Details of A.D.A.M Inc.
Expected to close later this year for a closing value of $66 million. On the completion of the merger ADAM shareholders will receive 0.3122 of Ebix stock for each share held in ADAM. |
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| CRXL | 10/06/2010 | Johnson & Johnson (JNJ) | $2.41 billion | $34.40 | $32.81 | 03/31/2011 | 4.85% | 13.71% |
| Details of Crucell NV Expected to close in the first quarter of 2011 for a closing value of $2.41 billion. On the completion of the merger Crucell NV shareholders will receive $34.40 per share in cash. |
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| AAI | 09/27/2010 | Southwest Airlines (LUV) | $1.4 billion | $7.75 | $7.45 | 03/31/2011 | 4.03% | 11.39% |
| Details of AirTran Holdings Expected to close in the first quarter of 2011 for a closing value of $1.4 billion. On the completion of the merger, AirTran Holdings Shareholders will receive $3.75 per share in cash and 0.321 share of Southwest stock for each share of AirTran held. Update Nov 2, 2010: The ratio of Southwest shares issued changes based on the price of Southwest's stock and the deal value also varies from $7.25 to $7.75. Specifically as stated in the press release "The number of shares to be issued by Southwest Airlines is subject to adjustment if the average of Southwest Airlines closing prices for the 20 trading days ending three trading days prior to closing is below $10.90 or above $12.46. This adjustment mechanism is intended to provide at least $7.25 in value and up to $7.75 in value per share of AirTran common stock. If the average closing price noted above exceeds $12.46, the value will be $7.75 with fewer shares of Southwest common stock issued. If the average closing price noted above is less than $10.90, the value will be $7.25 with additional shares of Southwest common stock issued. Additionally, Southwest Airlines has the option of substituting cash in lieu of issuing incremental shares if the average closing stock price is less than $10.90." |
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| SHMR | 10/15/2010 | Essilor (N/A) | $130 million | $14.50 | $13.96 | 06/30/2011 | 3.87% | 6.42% |
| Details of Shamir Optical Industry Expected to close by the second quarter of 2011 for a closing value of $130 million. On the completion of the merger, Shamir Optical Industry shareholders will receive $14.50 per share in cash. |
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| TCM | 11/01/2010 | Hanmax Investment Limited (N/A) | N/A | $4.50 | $4.34 | 03/31/2011 | 3.69% | 10.43% |
| Details of Tongjitang Chinese Medicines
Expected to close in the first quarter of 2011. On the completion of the merger, Tongjitang Chinese Medicines shareholders will receive $4.50 per ADS in cash. |
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| OPTC | 11/11/2010 | TKH Group (N/A) | N/A | $2.45 | $2.37 | 03/31/2011 | 3.38% | 9.55% |
| Details of Optelecom – NKF, Inc Expected to close in the first quarter of 2011. On the completion of the merger, Optelecom-NKF shareholders will receive $2.45 per share in cash. |
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| MCCC | 11/15/2010 | Chief Executive Rocco Commisso (N/A) | $600 million | $8.75 | $8.47 | 06/30/2011 | 3.31% | 5.48% |
| Details of Mediacom Communications Corporation Rocco B. Commisso, the founder, Chairman and Chief Executive Officer of Mediacom Communications Corporation, had announced on August 31, 2010 that he has withdrawn his May 31, 2010 non-binding offer to purchase all of the shares of Mediacom not currently owned by him. On November 15, 2010, Rocco B. Commisso announced that he would buy MCCC in a deal that values it at about $600 million. Commisso would buy the stock he doesn�t own for $8.75 a share. |
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| VCGH | 11/10/2010 | Company's chairman of the Board, CEO, President and COO (N/A) | $37 million | $2.25 | $2.18 | 03/31/2011 | 3.21% | 9.09% |
| Details of VCG Holding Corporation Expected to close in the first quarter of 2011 for a closing value of $37 million. On the completion of the merger, VCG Holdings shareholders will receive $2.25 per share in cash. |
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| BUCY | 11/15/2010 | Caterpillar Inc (CAT) | $8.6 billion | $92.00 | $89.20 | 06/30/2011 | 3.14% | 5.21% |
| Details of Bucyrus International Inc
Expected to close by the middle of 2011 for a closing value of $8.6 billion. On the completion of the merger, Bucyrus International shareholders will receive $92 per share in cash. |
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| AYE | 02/11/2010 | FirstEnergy (FE) | $8.5 billion | $24.18 | $23.55 | 03/31/2011 | 2.67% | 7.55% |
| Details of Allegheny Energy, Inc. Common S Expected to close by March 31, 2011 for a closing value $8.5bn. It is a stock based transaction @ 0.667 share of FE Revision on September 14, 2010: Jefferies & Companies lowers its price target to $23.50, from $24.50. |
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| LTXC | 11/18/2010 | Verigy Ltd (VRGY) | $422 million | $7.81 | $7.61 | 06/30/2011 | 2.59% | 4.30% |
| Details of LTX – Credence Corporation Expected to close in the second half of 2011 for a closing value of $422 million. On the completion of the merger, LTX – Credence Corporation shareholders will receive 0.96 Verigy shares or Holdco stock for each LTX-Credence share. |
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| PRPX | 02/17/2010 | L.B. Foster Co. (FSTR) | $112 million | $11.80 | $11.52 | 12/30/2010 | 2.43% | 23.35% |
| Details of Portec Rail Products, Inc. Expected to close by August 31, 2010 for a closing value of $112mn. The cash deal is @ $11.71 per share. Revision on 08/30/2010: L.B. Foster and Portec Rail Products announced on August 30, 2010, that they have extended the merger deadline from August 31, 2010 to December 30, 2010 Revision on 08/31/2010: L.B. Foster has agreed to both increase the tender offer share price from $11.71 per share to $11.80 per share and, subject to certain conditions, pay Portec $2 million should the transaction not close by December 30, 2010. |
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| Q | 04/22/2010 | Century Link (CTL) | $10.6 billion | $7.08 | $6.93 | 04/21/2011 | 2.22% | 5.40% |
| Details of Qwest Communications Internatio Expected to close in the first half of 2011for a value of $10.6bn. Under the terms of the agreement, Qwest shareholders will receive 0.1664 CenturyLink shares for each share of Qwest common stock they own at closing. |
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| NAL | 08/19/2010 | First Niagara Financial Group (FNFG) | $1.5 billion | $13.54 | $13.25 | 05/15/2011 | 2.20% | 4.61% |
| Details of New Alliance Bancshares
Expected to close in early second quarter of 2011 for a closing value of $1.5 billion. On the completion of the merger, New Alliance shareholders will receive either 1.1 shares of FNFG stock, all cash or cash plus stock. NAL mentioned that the "aggregate consideration is 86% in stock and 14% in cash". The exchange ratio is however fixed at 1.1 shares of FNFG per share of NAL and worked out to $14.09 per share upon announcement of the deal. |
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| MFE | 08/19/2010 | Intel Corporation (INTC) | $7.68 billion | $48.00 | $46.99 | 06/30/2011 | 2.15% | 3.57% |
| Details of McAfee
Expected to close once McAfee shareholder approval and regulatory clearance is gained for a closing value of $7.68 billion. On the completion of the merger, McAfee shareholders will receive $48 per share in cash. Update Oct 29, 2010: Following the release of third quarter results by McAfee, CEO Dave DeWalt reiterated that the Intel deal is �on track� to close by mid-2011. We have updated the closing date to 6/30/2011 from 12/31/2010. |
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| CCBP | 08/09/2010 | F.N.B. Corporation (FNB) | $70 million | $41.99 | $41.14 | 12/31/2010 | 2.06% | 19.31% |
| Details of Comm Bancorp Expected to close in the fourth quarter of 2010 for a closing value of $70 million. On the completion of the merger Comm Bancorp shareholders will receive 3.4545 shares of F.N.B. common stock and $10.00 in cash for each share of Comm Bancorp held. |
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| BJGP | 10/28/2010 | Sanofi – aventis (N/A) | $520.6 million | $10.00 | $9.80 | 03/31/2011 | 2.04% | 5.77% |
| Details of BMP Sunstone Corporation Expected to close in the first quarter of 2011 for a closing value of $520.6 million. On the completion of the merger, BMP Sunstone shareholders will receive $10.00 per share in cash. |
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| GIW | 10/25/2010 | Community Bank System (CBU) | $101.8 million | $9.50 | $9.33 | 02/15/2011 | 1.82% | 7.82% |
| Details of Wilber Corporation Expected to close by February 15, 2011 for a closing value of $101.8 million. On the completion of the merger, Wilber shareholders will receive $9.50 per share in cash and Community Bank System common stock, subject to the following calculation: If the Community Bank System Market Price is equal to or greater than $19.71, or equal to or less than $25.35, then the ratio will be determined by a quotient (rounded to the nearest one-thousandth) obtained by dividing $9.50 by the Community Bank System Market Price. |
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| OCNW | 09/16/2010 | Calix Inc. (CALX) | $171 million | $7.59 | $7.46 | 12/31/2010 | 1.77% | 16.60% |
| Details of Occam Networks Inc.
Expected to complete in the fourth quarter of this year or first quarter of 2011 for $171 million. On the completion of the merger, Occam Networks shareholders will receive approximately $7.75 per share. The deal is a cash plus stock deal with Occam shareholders receiving $3.8337 in cash and 0.2925 shares of Calix. |
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| ID | 09/20/2010 | Safran (N/A) | $1.1 billion | $12.00 | $11.80 | 03/31/2011 | 1.69% | 4.80% |
| Details of L-1 Identity Solutions Inc Expected to close in the first quarter of 2011 for a closing value of $1.1 billion. On the completion of the merger, ID shareholders will receive $12 per share in cash. |
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| LDSH | 11/17/2010 | Allegheny Technologies (ATI) | $778 million | $46.78 | $46.12 | 03/31/2011 | 1.44% | 4.08% |
| Details of Ladish Co Expected to close in early 2011 for a closing value of $778 million. On the completion of the merger, Ladish Co shareholders will receive $24 in cash and 0.4556 share of Allegheny stock for each share held. |
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| ROME | 10/12/2010 | Berkshire Hills Bancorp (BHLB) | $74 million | $11.24 | $11.10 | 03/31/2011 | 1.28% | 3.63% |
| Details of Rome Bancorp Inc. Expected to close by the first quarter of 2011 for a closing value of $74 million. On the completion of the merger, 70% of the outstanding Rome Bancorp shares will be exchanged for Berkshire Hills Bancorp shares at a fixed exchange ratio of 0.5658 Berkshire Hills Bancorp shares for each share of Rome Bancorp, and the remaining 30% of Rome Bancorp shares will be exchanged for $11.25 per share in cash. |
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| SMTB | 07/15/2010 | People's United Financial Inc. (PBCT) | $60 million | $3.79 | $3.75 | 12/31/2010 | 1.15% | 10.79% |
| Details of Smithtown Bancorp Inc Expected to close in the fourth quarter of 2010, for a closing value of $60 million. On the completion of the merger, Smithtown Bancorp shareholders will receive 0.1430 shares of People's United common stock and $2.00 in cash. |
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| BNE | 02/23/2010 | RR Donnelley (RRD) | $481 million | $11.50 | $11.37 | 12/31/2010 | 1.14% | 10.70% |
| Details of Bowne & Co., Inc. Common Stock
Expected to close by the second half of 2010 for a closing value of $481mn. It is a cash deal @ $11.50 per share |
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| SVR | 10/28/2010 | Carlyle (N/A) | $2.6 billion | $31.00 | $30.65 | 03/31/2011 | 1.14% | 3.23% |
| Details of Syniverse Holdings Expected to close in the first quarter of 2011 for a closing value of $2.6 billion. On the completion of the merger, Syniverse Holdings shareholders will receive $31.00 per share in cash. |
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| FMR | 10/28/2010 | Fairfax Financial Holdings (FRFHF.PK) | $294 million | $16.50 | $16.32 | 03/31/2011 | 1.10% | 3.12% |
| Details of First mercury Financial Corporation Expected to close in the first quarter of 2011 for a closing value of $294 million. On the completion of the merger, First Mercury Financial shareholders will receive $16.50 per share in cash. |
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| NHWK | 09/27/2010 | Virtual Radiologic (N/A) | $170 million | $6.50 | $6.43 | 03/31/2011 | 1.09% | 3.08% |
| Details of NightHawk Radiology Holdings Expected to close in the first quarter of 2011 for a closing value of $170 million. On the completion of the merger, NightHawk Radiology shareholders will receive $6.50 per share in cash. |
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| MIR | 04/12/2010 | RRI Energy In. (RRI) | $1.6 billion | $10.60 | $10.49 | 12/31/2010 | 1.08% | 10.07% |
| Details of Mirant Corp Common Stock
Expected to close by the end of the year 2010 for a value of $1.6bn. Mirant Corp. will combine with RRI Energy Inc. in a stock-deal to form GenOn Energy. Mirant stockholders will get about 2.84 RRI common shares for each Mirant share they own. |
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| ARTG | 11/02/2010 | Oracle (ORCL) | $1 billion | $6.00 | $5.94 | 03/31/2011 | 1.01% | 2.86% |
| Details of Art Technology Group Expected to close in early 2011 for a closing value of $1 billion. On the completion of the merger, Art Technology shareholders will receive $6.00 per share in cash. |
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| NCOC | 09/28/2010 | Ranger Energy Investments (N/A) | $8.6 million | $1.00 | $0.9902 | 12/15/2010 | 0.99% | 15.71% |
| Details of National Coal Corp. Expected to close prior to December 15, 2010 for a closing value of $8.6 million. On the completion of the merger, National Coal shareholders will receive $1.00 per share in cash. |
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| TTES | 10/06/2010 | Robbins & Myers Inc. (RBN) | $422 million | $34.79 | $34.48 | 12/31/2010 | 0.89% | 8.36% |
| Details of T-3 Energy Services Expected to close by the end of the year or early next year for a closing value of $422 million. On the completion of the merger, T-3 energy shareholders will receive 0.894 common shares of Robbins & Myers plus $7.95 in cash. |
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| CSCX | 10/19/2010 | Opto Circuits (N/A) | N/A | $2.30 | $2.28 | 12/31/2010 | 0.88% | 8.21% |
| Details of Cardiac Science Corporation Expected to close by the end of the year. On the completion of the merger, Cardiac Science Corporation shareholders will receive $2.30 per share in cash. |
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| KG | 10/12/2010 | Pfizer Inc. (PFE) | $3.6 billion | $14.25 | $14.13 | 12/31/2010 | 0.85% | 7.95% |
| Details of King Pharmaceuticals
Expected to close by the end of the year for a closing value of $3.6 billion. On the completion of the merger, King Pharmaceuticals will receive $14.25 per share in cash. |
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| CFS | 11/02/2010 | affiliate of ABRY Partners (N/A) | $84.8 million | $2.50 | $2.48 | 12/31/2010 | 0.81% | 7.55% |
| Details of Comforce Corp Expected to close by the end of the year 2010 for a closing value of $84.8 million. On the completion of the merger, Comforce corp shareholders will receive $2.50 per share in cash. |
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| DDMX | 10/01/2010 | Greenbriar Equity Group (N/A) | $210 million | $21.25 | $21.09 | 02/15/2011 | 0.76% | 3.26% |
| Details of Dynamex Inc Expected to close on February 15, 2011 for a closing value of $210 million. On the completion of the merger, Dynamex shareholders will receive $21.25 per share in cash |
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| ACV | 09/27/2010 | Unilever PLC (N/A) | $3.7 billion | $37.50 | $37.23 | 12/31/2010 | 0.73% | 6.79% |
| Details of Alberto Culver Expected to close in the fourth quarter of 2010 for a closing value of $3.7 billion. On the completion of the merger, Albert Culver shareholders will receive $37.50 per share in cash. |
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| PZZ | 08/16/2010 | Leonard Green & Partners (N/A) | $363 million | $8.50 | $8.44 | 12/31/2010 | 0.71% | 6.65% |
| Details of Prospect Medical Holdings
Expected to close by the end of the year 2010 for a closing value of $363 million. On the completion of the merger Prospect Medical Holdings shareholders will receive $8.50 per share in cash. |
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| ROAC | 10/18/2010 | Swenson Granite Co. (N/A) | $39 million | $5.25 | $5.22 | 03/31/2011 | 0.57% | 1.63% |
| Details of Rock of Ages Corp. Expected to close in the first quarter of 2011 for a closing value of $39 million. On the completion of the merger, Rock of Ages shareholders will receive $5.25 per share in cash. |
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| NUHC | 09/20/2010 | Arrow Electronics (ARW) | $130 million | $7.00 | $6.96 | 12/31/2010 | 0.57% | 5.38% |
| Details of Nu Horizons Electronics Corp Expected to close in the fouth quarter of 2010 for a closing value of $130 million. On the completion of the merger, Nu Horizons Electronics shareholders will receive $7.00 per share in cash. |
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| TEAM | 11/02/2010 | fanini International Holdings Ltd for $93.4 million (N/A) | $93.4 million | $8.35 | $8.31 | 12/31/2010 | 0.48% | 4.50% |
| Details of TechTeam Global Expected to close by year end for a closing value of $93.4 million. On the completion of the merger, TechTeam shareholders will receive $8.35 per share in cash. |
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| LSBX | 07/15/2010 | People's United Financial Inc. (PBCT) | $96 million | $21.00 | $20.90 | 12/31/2010 | 0.48% | 4.48% |
| Details of LSB Corporation Expected to close in the fourth quarter of 2010 for a closing value of $96 million. On the completion of the merger, LSBX shareholders will receive $21 per share in cash. |
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| CLU | 09/16/2010 | Clearwater Paper Corporation (CLW) | $247 million | $12.00 | $11.95 | 12/31/2010 | 0.42% | 3.92% |
| Details of Cellu Tissue Holdings Inc.
Expected to close in the fourth quarter of 2010 for a closing value of $247 million. On the completion of the merger, Cellu Tissue shareholders will receive $12 per share in cash. |
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| CLRT | 10/22/2010 | GE Healthcare (GE) | $580 million | $5.00 | $4.98 | 01/31/2011 | 0.40% | 2.09% |
| Details of Clarient Inc. Expected to close in late 2010 or early 2011 for a closing value of $580 million. On the completion of the merger, Clarient shareholders will receive $5.00 per share in cash. |
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| ADCT | 07/13/2010 | Tyco Electronics (TEL) | $1.24 billion | $12.75 | $12.70 | 12/31/2010 | 0.39% | 3.68% |
| Details of ADC Telecommunications Inc Expected to close in the fourth quarter of 2010, for a closing value of $1.24 billion. On the completion of the merger, ADC Telecommunications shareholders will receive $12.75 per share in cash |
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| INET | 09/20/2010 | an affiliate of Hellman & Friedman Capital Partners (N/A) | $640 million | $13.35 | $13.30 | 12/31/2010 | 0.38% | 3.52% |
| Details of Internet Brands Inc. Expected to close in the fourth quarter of 2010 for a closing value of $640 million. On the completion of the merger, Internet Brands shareholders will receive $13.35 per share in cash. |
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| TUNE | 09/08/2010 | Zoran Corporation (ZRAN) | $84 million | $2.92 | $2.91 | 12/31/2010 | 0.34% | 3.22% |
| Details of Microtune Inc.
Expected to close in the fourth quarter of 2010 for a closing value of $84 million. On the completion of the merger Microtune shareholders will receive $2.92 per share in cash. |
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| MAM | 03/12/2010 | Emera Inc (N/A) | $75.7 million | $45.00 | $44.86 | 12/31/2010 | 0.31% | 2.92% |
| Details of Maine & Maritimes Corporation C Expected to close by the end of 2010 for a closing value of $75.7 million. The cash deal is @ $45 per share |
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| THMD | 10/05/2010 | Irving Place Capital (N/A) | $422 million | $15.00 | $14.96 | 12/31/2010 | 0.27% | 2.50% |
| Details of Thermadyne Holdings Expected to close in December 2010 for a closing value of $422 million. On the completion of the merger, Thermadyne Holdings shareholders will receive $15.00 per share in cash. |
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| ISLN | 11/15/2010 | EMC Corporation (EMC) | $2.25 billion | $33.85 | $33.76 | 12/31/2010 | 0.27% | 2.49% |
| Details of Isilon Systems Inc Expected to close by year end for a closing value of $2.25 billion. On the completion of the merger, Isilon Systems shareholders will receive $33.85 per share in cash. |
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| ULCM | 10/12/2010 | affiliates of Platinum Equity (N/A) | N/A | $8.07 | $8.05 | 12/31/2010 | 0.25% | 2.33% |
| Details of Ulticom Inc.
Expected to close by the end of the year. under the terms of the agreement, Ulticom�s public shareholders will receive $2.33 per share in cash, after payment of a special dividend by the Company of $5.74 per share. |
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| KEI | 09/28/2010 | Danaher Corporation (DHR) | $340 million | $21.60 | $21.56 | 12/31/2010 | 0.19% | 1.74% |
| Details of Keithley Instruments Expected to close in the fourth quarter of 2010 for a closing value of $340 million. On the completion of the merger, Keithley Instruments shareholders will receive $21.60 per share in cash. |
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| STU | 09/17/2010 | Discover Financial Services (N/A) | N/A | $30.00 | $29.95 | 12/31/2010 | 0.17% | 1.56% |
| Details of Student Loan Corporation Expected to close by the end of 2010. On the completion of the merger, The Student Loan Corporation shareholders will receive $30.00 per share in cash. |
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| HWK | 10/15/2010 | Carlisle (CSL) | $413 million | $50.00 | $49.92 | 12/31/2010 | 0.16% | 1.50% |
| Details of Hawk Corporation Expected to close by the end of the year for a closing value of $413 million. On the completion of the merger, Hawk shareholders will receive $50.00 per share in cash. |
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| AMPH | 09/01/2010 | ProAssuarance (PRA) | $233 million | $32.50 | $32.46 | 12/31/2010 | 0.12% | 1.15% |
| Details of American Physicians Service Group
Expected to close by the year-end for a closing value of $233 million. On the completion of the merger, AMPH shareholders will receive $32.50 per share in cash. |
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| GYMB | 10/11/2010 | Bain Capital (N/A) | $1.8 billion | $65.40 | $65.32 | 12/31/2010 | 0.12% | 1.15% |
| Details of The Gymboree Corporation Expected to close by the end of the year for a closing value of $1.8 billion. On the completion of the merger, Gymboree shareholders will receive $65.40 per share in cash. |
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| NYM | 07/15/2010 | ProSight (N/A) | $230 million | $25.75 | $25.73 | 12/31/2010 | 0.08% | 0.73% |
| Details of NYMagic Expected to close in the fourth quarter of 2010 for a closing value of $230 million. On the completion of the merger, NYMagic shareholders will receive $25.75 per share in cash. |
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| AEZ | 07/28/2010 | Hess Corp (HES) | $450 million | $9.67 | $9.66 | 12/31/2010 | 0.06% | 0.57% |
| Details of American Oil & Gas Inc. Expected to close in the fourth quarter of 2010 for a closing value of $450 million. On the completion of the merger, Hess will issue 0.1373 shares of its stock for each outstanding share of American Oil & Gas. |
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| EPE | 09/07/2010 | Enterprise Products (EPD) | $8 billion | $64.01 | $63.98 | 12/31/2010 | 0.04% | 0.37% |
| Details of Enterprise G.P. Holdings Expected to close by the end of the year for a closing value of $8 billion. On the completion of the merger, Enterprise GP unitholders would receive 1.5 Enterprise Products common units in exchange for each Enterprise GP limited partner unit. |
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| BGH | 06/11/2010 | Buckeye Partners LP (BPL) | $1.14 billion | $47.08 | $47.07 | 12/31/2010 | 0.02% | 0.20% |
| Details of Buckeye GP Holdings
Expected to close in the fourth quarter of 2010 for a closing value of $1.14 billion. Under the deal, for each Buckeye GP unit, holders will get 0.705 Buckeye Partners units. |
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| RSCR | 09/07/2010 | Onex Corp (N/A) | $390 million | $13.25 | $13.25 | 12/31/2010 | 0.00% | 0.00% |
| Details of Res-Care Inc Expected to close by the end of the year for a closing value of $390 million. On the completion of the merger Res-Care shareholders will receive $13.25 per share in cash. |
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| ACTI | 10/11/2010 | Assa Abloy (N/A) | $162 million | $3.25 | $3.25 | 12/31/2010 | 0.00% | 0.00% |
| Details of ActivIdentity Corporation Expected to close by the end of the year for a closing value of $162 million. On the completion of the merger, ActivIdentity shareholders will receive $3.25 per share in cash. |
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| COGT | 08/30/2010 | 3M Co. (MMM) | $943 million | $10.50 | $10.50 | 12/31/2010 | 0.00% | 0.00% |
| Details of Cogent Inc. Expected to close in the fourth quarter of 2010 for a closing value of $943 million. On the completion of the merger Cogent shareholders will receive $10.50 per share in cash. |
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| ATLS | 11/09/2010 | Chevron Coproation (CVX) | $4.3 billion | $43.34 | $43.58 | 03/31/2011 | -0.55% | -1.56% |
| Details of Atlas Energy Inc.
Expected to close in the first quarter of 2011 for a closing value of $4.3 billion. On the completion of the merger, Atlas Energy shareholders will receive $38.25 in cash and a pro-rata share of a distribution of over 41 million units of Atlas Pipeline Holdings for each share held. Based on Atlas Pipeline Holdings' closing price on November 8, these units have a value of $5.09 per Atlas Energy share. |
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| DVD | 09/27/2010 | Dover Downs Gaming & Entertainment Inc (DDE) | N/A | $1.73 | $1.75 | 12/31/2010 | -0.95% | -8.85% |
| Details of Dover Motorsports Inc Expected to close in the fourth quarter of 2010. On the completion of the merger, Dover Motorsports shareholders will receive 0.501 shares of Dover Downs Gaming & Entertainment common stock for each Dover Motorsports share held. |
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| ACLI | 10/18/2010 | Affiliates of Platinum Equity (N/A) | $777 million | $33.00 | $33.34 | 12/31/2010 | -1.02% | -9.54% |
| Details of American Commercial Lines Inc.
Expected to close by the end of the year for a closing value of $777 million. On the completion of the merger, American Commercial Lines shareholders will receive $33.00 per share in cash. |
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| NST | 10/18/2010 | Northeast Utilities (NU) | $4.17 billion | $41.24 | $41.74 | 09/30/2011 | -1.21% | -1.41% |
| Details of NSTAR Expected to close in the third quarter of 2011 for a closing value of $4.17 billion. On the completion of the merger, NSTAR shareholders will receive 1.312 Northeast Utilities common shares for each NSTAR held. |
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| CTV | 10/25/2010 | Carlyle (N/A) | $3 billion | $31.50 | $31.99 | 03/31/2011 | -1.53% | -4.33% |
| Details of CommScope Inc Expected to close by the end of the year for a closing value of $3 billion. On the completion of the merger, CommScope shareholders will receive $31.50 per share in cash. Update 1/11/2010: The transaction is expected to close by the first quarter of 2011 and hence the closing date has been updated to 3/31/2011. |
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| CGC | 10/01/2010 | Gammon Gold (GRS) | $288 million | $4.26 | $4.33 | 12/31/2010 | -1.64% | -15.30% |
| Details of Capital Gold Corp. Expected to close in the fourth quarter of 2010 for a closing value of $288 million. On the completion of the merger, Gammon will issue 0.5209 of a common share for each Capital share, in addition to paying 79 cents a share in cash. |
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| RAE | 09/20/2010 | Battery Ventures (N/A) | $95 million | $1.60 | $1.63 | 12/31/2010 | -1.84% | -17.23% |
| Details of RAE Systems Inc.
Expected to close in the fourth quarter of 2010 for a closing value of $95 million. On the completion of the merger, RAE Systems shareholders will receive $1.60 per share in cash. |
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| WL | 11/01/2010 | M & T Bank Corporation (MTB) | $351 million | $4.00 | $4.23 | 06/30/2011 | -5.51% | -9.15% |
| Details of Wilmington Trust Corporation Expected to close in mid-year 2011 for a closing value of $351 million. On the completion of the merger, Wilmington Trust common shareholders will receive 0.051372 shares of M&T common stock in exchange for each share of Wilmington Trust common stock they own . |
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| PTEC | 08/17/2010 | Marlin Equity Partners (N/A) | $139 million | $3.85 | $4.18 | 12/31/2010 | -7.89% | -73.89% |
| Details of Phoenix Technologies Ltd. Expected to close by the end of the year for a closing value of $139 million. On the completion of the merger, shareholders of Phoenix Technologies will receive $3.85 per share in cash. |
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| PTEC | 08/17/2010 | Marlin Equity Partners (N/A) | $139 million | $3.85 | $4.18 | 12/31/2010 | -7.89% | -73.89% |
| Details of Phoenix Technologies Ltd. Expected to close by the end of the year for a closing value of $139 million. On the completion of the merger, shareholders of Phoenix Technologies will receive $3.85 per share in cash. |
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| CADE | 10/06/2010 | Community Bancorp LLC (N/A) | $38 million | $2.25 | $2.46 | 03/31/2011 | -8.68% | -24.55% |
| Details of Cadence Financial Corporation
Expected to close in the first quarter of 2011 for a closing value of $23.8 million in an all-stock deal. On the completion of the merger, Cadence shareholders will receive receive 0.097 shares of Trustmark common stock for each share of Cadence they hold. |
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| DYN | 08/13/2010 | Blackstone Group (BX) | $4.7 billion | $4.50 | $5.11 | 12/31/2010 | -11.94% | -111.72% |
| Details of Dynegy Expected to close by the end of the year for a closing value of $4.7 billion. On the completion of the merger, Dynegy shareholders will receive $4.50 per share in cash. |
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| HBE | 10/06/2010 | Kratos Defense & Security Solutions (KTOS) | $45 million | $7.00 | $8.44 | 12/31/2010 | -17.06% | -159.68% |
| Details of Henry Bros. Electronics Expected to close by the end of the year for a closing value of $45 million. On the completion of the merger, Henry Bros. shareholders will receive $7.00 per share in cash. |
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| OTIX | 09/13/2010 | William Demant (N/A) | $50 million | $8.60 | $10.98 | 12/31/2010 | -21.68% | -202.86% |
| Details of OTIX Global Inc. Expected to close between mid-November and the end of 2010 for a closing value of $50 million. On the completion of the merger, OTIX shareholders will receive $8.60 per share in cash. |
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| ALY | 08/12/2010 | Seawell (N/A) | $890 million | $4.25 | $6.29 | 12/31/2010 | -32.43% | -303.53% |
| Details of Allis-Chalmers Energy, Inc. Expected to close by the end of the year 2010 for a closing value of $890 million. On the completion of the merger, Allis-Chalmers shareholders will get $4.25 in cash or 1.15 Seawell shares for each shares of Allis-Chalmers, subject to proration if more than 35% of the shares elect to receive cash. Seawell Ltd is registered in the Norwegian OTC system, ticker symbol SEAW. |
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Voluntary disclosure: I have a long position in AAI and a short position in LUV. I also have a long position in FNFG.
Contributing author: Ann Kumar
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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