Merger Arbitrage Mondays – July 4, 2016

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July 3, 2016 | Merger Arbitrage | | Author Asif

Merger activity increased last week with six new deals announced and nine deals closing.

You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.

Deal Statistics:

Total Number of Deals Closed in 2016 108
Total Number of Deals Not Completed in 2016 6
Total Number of Pending Deals
Cash Deals 56
Stock Deals 21
Stock & Cash Deals 14
Special Conditions 9
Total Number of Pending Deals 100
Total Deal Size $893.82 billion

New Deals:

  1. The acquisition of Heartware International (HTWR) by Medtronic (MDT) for $1.1 billion or $58.00 per share in cash.
  2. The acquisition of Suffolk Bancorp (SCNB) by People’s United Financial (PBCT) for $402 million in an all stock deal. Under the terms of the agreement, shareholders of Suffolk Bancorp will receive 2.225 shares of People’s United Financial stock for each Suffolk Bancorp share.
  3. The acquisition of ReachLocal (RLOC) by Gannett (GCI) for $156 million or $4.60 per share in cash.
  4. The acquisition of Diamond Resorts International (DRII) by Apollo Global Management (APO) for $2.2 billion or $30.25 per share in cash.
  5. The acquisition of Transition Therapeutics (TTHI) by Opko Health (OPK) for approximately $60 million in an all stock deal. Under the terms of the agreement Transition Therapeutics security holders will receive 0.156 shares of OPKO common stock per TTI stock, valued at $1.55 per share of Transition Therapeutics common stock. At the Effective Time, each issued and outstanding share of TTHI Common Stock (other than any shares of TTHI Common Stock held by the Company or any Company affiliate) will be converted and exchanged into shares of Company Common Stock using an exchange rate equal to (i) 6,430,868 divided by (ii) the number of shares of TTHI Common Stock outstanding immediately prior to the Effective Time (including shares of TTHI Common Stock deemed to have been issued as a result of the conversion of the TTHI Options, but excluding any shares of TTHI Common Stock held by the Company or any affiliate of the Company). Based on the Q3 2016 Financial Report, TTHI has 38,878,879 shares outstanding and 2,320,812 options outstanding.
  6. The acquisition of Starz (STRZA, STRZB) by Lions Gate Entertainment (LGF) for $4.4 billion in a cash and stock deal. Under the terms of the agreement, each share of Lionsgate common stock will be reclassified into 0.5 voting and 0.5 newly created non-voting shares.  Holders of each share of Starz Series A common stock will receive $18.00 in cash as well as 0.6784 of a share of Lionsgate non-voting stock based on a fixed exchange ratio. Holders of each share of Starz Series B common stock will receive $7.26 in cash and 0.6321 of a share of Lionsgate voting stock and 0.6321 of a share of Lionsgate non-voting stock. We are entering this deal only for STRZA.

Deal Updates:

  1. On June 23, 2016, Rouse Properties (RSE) announced that, at a special meeting of stockholders held today, the Company stockholders approved the previously announced merger agreement with BSREP II Retail Pooling, an affiliate of Brookfield Asset Management. Subject to the satisfaction of the conditions set forth in the merger agreement, the merger is expected to close on or about July 6, 2016.
  2. On June 27, 2016, Skullcandy (SKUL) announced that on June 24, 2016 Skullcandy’s board of directors received an unsolicited proposal from Mill Road Capital to acquire all of the outstanding shares of Skullcandy common stock for $6.05 per share in cash.
  3. On June 27, 2016, Marriott International (MAR) and Starwood Hotels and Resorts Worldwide (HOT) today announced they have received unconditional clearance from the European Union for Marriott to acquire Starwood in a merger transaction. Stockholders of both Marriott and Starwood overwhelmingly approved proposals related to the transaction on April 8 and Marriott and Starwood anticipate closing the transaction in July 2016.
  4. On June 27, 2016, The Williams Companies (WMB) stockholders voted to approve the previously announced merger agreement with Energy Transfer Equity (ETE). Williams also filed papers commencing an appeal in the Delaware Supreme Court of the Delaware Court of Chancery’s June 24, 2016 ruling relating to the Merger Agreement between Williams and ETE.
  5. On June 28, 2016, Energy Transfer Equity (ETE) announced that it has terminated its merger agreement with The Williams Companies (WMB) effective June 29, 2016. Williams has appealed the decision by the Delaware Court of Chancery to the Delaware Supreme Court.
  6. On June 28, 2016, C1 Financial (BNK) and Bank of the Ozarks (OZRK) received the approval of the Federal Reserve Bank for the Bank Merger. As a result, all regulatory approvals for the Merger have been received. OZRK has announced that it expects to close the Merger on or about July 21, 2016, subject to the satisfaction of the other closing conditions of the Merger.
  7. June 28, 2016: Since the FTC is continuing its review of the Hutchinson Technology (HTCH) merger and has not indicated when its review may be completed, we are moving the closing date by three months to September 30, 2016.
  8. On June 29, 2016, The Valspar Corporation (VAL) announced that Valspar shareholders voted to approve the Company’s proposed acquisition by The Sherwin-Williams Company (SHW).
  9. On June 30, 2016, InterOil Corporation (IOC) received from a third party an unsolicited, conditional, non-binding proposal to acquire 100% of the outstanding common shares of InterOil.

Closed Deals:

  1. The acquisition of Monarch Financial Holdings (MNRK) by Towne Bank (TOWN) on June 27, 2016. It took 193 days for this deal to be completed.
  2. The acquisition of Nanosphere (NSPH) by Luminex Corporation (LMNX) on June 30, 2016. It took 45 days for this deal to be completed.
  3. The acquisition of Fox Chase Bancorp (FXCB) by Univest Corporation of Pennsylvania (UVSP) on July 1, 2016. It took 206 days for this deal to be completed.
  4. The acquisition of AGL Resources (GAS) by Southern Company (SO) on July 1, 2016. It took 312 days for this deal to be completed.
  5. The acquisition of Columbia Pipeline Group (CPGX) by TransCanada Corporation (TRP) on July 1, 2016. It took 106 days for this deal to be completed.
  6. The acquisition of 1st Century Bancshares (FCTY) by Midland Financial on July 1, 2016. It took 113 days for this deal to be completed.
  7. The acquisition of United Online (UNTD) by B. Riley Financial (RILY) on July 1, 2016. It took 58 days for this deal to be completed.
  8. The acquisition of Avenue Financial Holdings (AVNU) by Pinnacle Financial Partners  (PNFP) on July 1, 2016. It took 154 days for this deal to be completed.
  9. The acquisition of TECO Energy (TE) by Emera on July 1, 2016. It took 300 days for this deal to be completed.

Top 10 deals with largest spreads:

Symbol Announced

Date

Acquiring

Company

Closing

Price

Last

Price

Closing

Date

Profit Annualized

Profit

ALR 02/01/2016 Abbott Laboratories (ABT) $56.00 $40.65 12/31/2016 37.76% 76.57%
CI 07/24/2015 Anthem, Inc. (ANTM) $171.24 $128.27 12/31/2016 33.50% 67.92%
HUM 07/03/2015 Aetna Inc. (AET) $225.46 $174.00 12/31/2016 29.57% 59.97%
RAD 10/27/2015 Walgreens Boots Alliance, Inc. (WBA) $9.00 $7.31 12/31/2016 23.12% 46.88%
HTCH 11/02/2015 TDK Corporation (N/A) $4.00 $3.37 09/30/2016 18.69% 77.54%
FGL 11/09/2015 Anbang Insurance Group Co., Ltd. (N/A) $26.80 $23.08 06/30/2016 16.12% -1470.75%
WGBS 05/13/2016 Takara Bio USA Holdings, Inc. (N/A) $0.95 $0.821 03/31/2017 15.71% 21.24%
DANG 05/31/2016 Dangdang Holding Company Limited and Dangdang Merger Company Limited (N/A) $6.70 $5.99 12/31/2016 11.85% 24.04%
IM 02/17/2016 Tianjin Tianhai Investment Company, Ltd. (N/A) $38.90 $34.85 12/31/2016 11.62% 23.57%
APOL 02/08/2016 A consortium of investors including The Vistria Group, LLC, funds affiliated with Apollo Global Management, LLC and and Najafi Companies (N/A) $10.00 $9.10 08/31/2016 9.89% 62.24%

List of all pending deals:

Symbol Announced

Date

Acquiring

Company

Deal

Type

Closing

Value

Closing

Price

Last

Price

Volume Closing

Date

Profit Annu.

Profit

+ ALR 02/01/2016 Abbott Laboratories (ABT) All Cash $5.8 billion $56.00 $40.65 1,060,723 12/31/2016 37.76% 76.57%
+ CI 07/24/2015 Anthem, Inc. (ANTM) Cash Plus Stock $54.2 billion $171.24 $128.27 1,845,584 12/31/2016 33.50% 67.92%
+ HUM 07/03/2015 Aetna Inc. (AET) Cash Plus Stock $37 billion $225.46 $174.00 4,754,089 12/31/2016 29.57% 59.97%
+ RAD 10/27/2015 Walgreens Boots Alliance, Inc. (WBA) All Cash $17.2 billion $9.00 $7.31 43,509,903 12/31/2016 23.12% 46.88%
+ HTCH 11/02/2015 TDK Corporation (N/A) Special Conditions $126 million $4.00 $3.37 79,175 09/30/2016 18.69% 77.54%
+ FGL 11/09/2015 Anbang Insurance Group Co., Ltd. (N/A) All Cash N/A $26.80 $23.08 113,486 06/30/2016 16.12% 0.00%
+ WGBS 05/13/2016 Takara Bio USA Holdings, Inc. (N/A) Special Conditions $18 million $0.95 $0.821 79,209 03/31/2017 15.71% 21.24%
+ DANG 05/31/2016 Dangdang Holding Company Limited and Dangdang Merger Company Limited (N/A) All Cash $556 million $6.70 $5.99 317,976 12/31/2016 11.85% 24.04%
+ IM 02/17/2016 Tianjin Tianhai Investment Company, Ltd. (N/A) All Cash $6 billion $38.90 $34.85 807,092 12/31/2016 11.62% 23.57%
+ APOL 02/08/2016 A consortium of investors including The Vistria Group, LLC, funds affiliated with Apollo Global Management, LLC and and Najafi Companies (N/A) All Cash $1.1 billion $10.00 $9.10 383,890 08/31/2016 9.89% 62.24%
+ BNK 11/09/2015 Bank of the Ozarks, Inc. (OZRK) Special Conditions $402.5 million $25.00 $22.83 17,847 06/30/2016 9.51% 0.00%
+ AIXG 05/23/2016 Fujian Grand Chip Investment Fund LP (N/A) All Cash $748.36 million $6.66 $6.12 27,120 12/31/2016 8.82% 17.89%
+ TIVO 04/29/2016 Rovi Corporation (ROVI) Special Conditions $1.1 billion $10.70 $9.91 856,732 09/30/2016 7.97% 33.06%
+ NPD 03/16/2016 China Neptunus Drugstore Holding Ltd. and Neptunus Global Limited (N/A) All Cash $258.66 million $2.62 $2.44 28,439 09/30/2016 7.38% 30.60%
+ LXK 04/19/2016 consortium of investors led by Apex Technology Co., Ltd. (Apex) and PAG Asia Capital (PAG) (N/A) All Cash $3.6 billion $40.50 $37.79 464,275 12/31/2016 7.17% 14.54%
+ KUTV 04/05/2016 Shanda Investment Holdings Limited (N/A) All Cash N/A $1.08 $1.01 13,382 12/31/2016 6.93% 14.05%
+ WR 05/31/2016 Great Plains Energy Incorporated (GXP) Special Conditions $12.2 billion $60.00 $56.26 996,191 03/31/2017 6.65% 8.99%
+ AMTG 02/26/2016 Apollo Commercial Real Estate Finance, Inc. (ARI) Cash Plus Stock $641 million $14.18 $13.30 116,843 08/15/2016 6.63% 57.58%
+ NHLD 04/28/2016 Fortress Biotech, Inc. (FBIO) All Cash N/A $3.25 $3.05 3,104 08/15/2016 6.56% 56.99%
+ STRZA 06/30/2016 Lions Gate Entertainment Corp. (LGF) Cash Plus Stock $4.4 billion $31.47 $29.68 5,120,568 12/31/2016 6.02% 12.20%
+ HOT 11/16/2015 Marriott International, Inc. (MAR) Special Conditions $13.6 billion $79.53 $75.10 994,260 07/31/2016 5.90% 79.74%
+ VAL 03/20/2016 The Sherwin-Williams Company (SHW) All Cash $11.3 billion $113.00 $107.59 455,733 03/31/2017 5.03% 6.80%
+ PBCP 06/02/2016 Prudential Bancorp, Inc. (PBIP) Special Conditions $38.1 million $11.28 $10.75 75 12/31/2016 4.93% 10.00%
+ SCNB 06/27/2016 People’s United Financial Inc. (PBCT) All Stock $402 million $32.60 $31.31 57,257 12/31/2016 4.11% 8.33%
+ HE 12/03/2014 NextEra Energy, Inc. (NEE) Special Conditions $4.3 billion $33.50 $32.21 1,000,992 06/30/2016 4.00% 0.00%
+ STJ 04/28/2016 Abbott Laboratories (ABT) Cash Plus Stock $25 billion $81.18 $78.24 1,829,109 12/31/2016 3.76% 7.62%
+ MHGC 05/09/2016 SBE (N/A) All Cash $794 million $2.25 $2.17 71,465 12/31/2016 3.69% 7.48%
+ FCLF 04/26/2016 First Mid-Illinois Bancshares, Inc. (FMBH) All Stock $90 million $12.33 $11.90 11 12/31/2016 3.62% 7.33%
+ LNKD 06/13/2016 Microsoft Corporation (MSFT) All Cash $26.2 billion $196.00 $189.50 1,756,623 12/31/2016 3.43% 6.96%
+ QLIK 06/02/2016 Thoma Bravo, LLC (N/A) All Cash $3 billion $30.50 $29.60 1,026,555 09/30/2016 3.04% 12.61%
+ DSKY 12/31/2015 Dream Investment Holdings Limited (N/A) All Cash N/A $14.00 $13.59 50,864 06/30/2016 3.02% 0.00%
+ ITC 02/09/2016 Fortis Inc. (FTS.TO) Cash Plus Stock $11.3 billion $48.05 $46.67 369,191 12/31/2016 2.95% 5.98%
+ FMD 06/02/2016 FP Resources USA Inc. (N/A) All Cash $65.5 million $5.05 $4.91 7,318 09/30/2016 2.85% 11.83%
+ TLN 06/03/2016 affiliates of Riverstone Holdings LLC (N/A) All Cash $5.2 billion $14.00 $13.62 2,151,916 12/31/2016 2.79% 5.66%
+ TYC 01/25/2016 Johnson Controls Inc. (JCI) All Stock $16.5 billion $43.88 $42.88 2,178,013 09/30/2016 2.33% 9.67%
+ MGN 05/24/2016 Hecla Mining Co. (HL) All Stock N/A $1.21 $1.18 445,716 09/30/2016 2.25% 9.35%
+ MESG 05/23/2016 Siris Capital Group, LLC (N/A) All Cash $643 million $25.00 $24.46 405,340 09/30/2016 2.21% 9.16%
+ CBNK 04/04/2016 Westfield Financial Inc. (WFD) All Stock $110 million $18.65 $18.26 7 12/31/2016 2.13% 4.31%
+ EVHC 06/15/2016 AmSurg Corp. (AMSG) All Stock $7.66 billion $25.48 $24.96 3,178,898 12/31/2016 2.10% 4.26%
+ AF 10/29/2015 New York Community Bancorp Inc. (NYCB) Cash Plus Stock $2 billion $15.43 $15.13 752,815 12/31/2016 1.98% 4.02%
+ HTS 04/11/2016 Annaly Capital Management, Inc. (NLY) All Stock $1.5 billion $16.72 $16.42 1,308,897 09/30/2016 1.82% 7.53%
+ CERE 06/17/2016 Land O’Lakes (N/A) All Cash $17.2 million $0.40 $0.393 547,642 09/30/2016 1.78% 7.39%
+ MRD 05/16/2016 Range Resources Corporation (RRC) All Stock $4.4 billion $16.68 $16.39 3,078,266 12/31/2016 1.77% 3.59%
+ RRM 02/26/2016 SES (N/A) All Cash $242 million $13.29 $13.07 3,991 08/15/2016 1.68% 14.63%
+ RSTI 03/16/2016 Coherent Inc. (COHR) All Cash $942 million $32.50 $31.98 184,797 12/31/2016 1.63% 3.30%
+ RDEN 06/16/2016 Revlon, Inc. (REV) All Cash $870 million $14.00 $13.79 532,454 12/31/2016 1.52% 3.09%
+ FCS 11/18/2015 ON Semiconductor Corp. (ON) All Cash $2.4 billion $20.00 $19.71 1,089,804 07/07/2016 1.47% 179.01%
+ MKTO 05/31/2016 Vista Equity Partners (N/A) All Cash $1.79 billion $35.25 $34.75 1,555,253 09/30/2016 1.44% 5.97%
+ KLAC 10/21/2015 Lam Research Corporation (LRCX) Cash Plus Stock $10.6 billion $73.49 $72.50 1,090,952 06/30/2016 1.37% 0.00%
+ YCB 05/03/2016 WesBanco Inc. (WSBC) Cash Plus Stock $221 million $37.34 $36.84 12,293 12/31/2016 1.37% 2.77%
+ SMT 05/26/2016 Foxconn Technology Group (N/A) All Cash N/A $4.50 $4.44 13,113 07/31/2016 1.35% 18.27%
+ PKY 04/29/2016 Cousins Properties Incorporated (CUZ) All Stock $1.95 billion $16.87 $16.68 696,566 12/31/2016 1.14% 2.32%
+ AXLL 06/10/2016 Westlake Chemical Corporation (WLK) All Cash $3.8 billion $33.00 $32.64 1,062,595 12/31/2016 1.10% 2.24%
+ RLOC 06/27/2016 Gannett Co., Inc. (GCI) All Cash $156 million $4.60 $4.55 1,377,612 09/30/2016 1.10% 4.56%
+ MEG 01/27/2016 Nexstar Broadcasting Group, Inc. (NXST) Special Conditions $4.6 billion $17.14 $16.97 735,310 12/15/2016 1.00% 2.23%
+ PLCM 04/15/2016 Mitel Networks Corporation (MITL) Cash Plus Stock $1.96 billlion $11.28 $11.17 807,128 09/30/2016 1.00% 4.13%
+ VA 04/04/2016 Alaska Air Group, Inc. (ALK) All Cash $4 billion $57.00 $56.44 386,165 01/01/2017 0.99% 2.00%
+ DRII 06/29/2016 Apollo Global Management, LLC (APO) All Cash $2.2 billion $30.25 $29.96 3,346,172 12/31/2016 0.97% 1.96%
+ FNFG 10/30/2015 KeyCorp. (KEY) Cash Plus Stock $4.1 billion $9.75 $9.66 1,532,756 09/30/2016 0.96% 3.98%
+ CVT 04/18/2016 affiliates of Vista Equity Partners (N/A) All Cash $1.65 billion $36.00 $35.72 407,259 09/30/2016 0.78% 3.25%
+ HTWR 06/27/2016 Medtronic plc (MDT) All Cash $1.1 billion $58.00 $57.55 711,276 10/28/2016 0.78% 2.46%
+ ELRC 05/31/2016 Platinum Equity (N/A) All Cash $382.2 million $15.50 $15.38 130,263 09/30/2016 0.78% 3.24%
+ HNSN 04/20/2016 Auris Surgical Robotics (N/A) All Cash $80 million $4.00 $3.97 44,479 06/30/2016 0.76% 0.00%
+ REXI 05/23/2016 C-III Capital Partners (N/A) All Cash $270 million $9.78 $9.71 148,496 11/15/2016 0.72% 1.96%
+ NKA 06/14/2015 Brookfield Infrastructure (N/A) All Cash $911.9 million $4.23 $4.20 91,199 12/31/2016 0.71% 1.45%
+ WIBC 12/07/2015 BBCN Bancorp, Inc. (BBCN) All Stock $1 billion $10.29 $10.22 318,384 06/30/2016 0.69% 0.00%
+ SAAS 05/18/2016 NICE Systems Ltd. (NICE) All Cash $940 million $14.00 $13.92 684,773 12/31/2016 0.57% 1.17%
+ SQI 05/31/2016 affiliates of Accel-KKR (N/A) All Cash $509 million $17.75 $17.66 443,308 09/30/2016 0.51% 2.11%
+ FMER 01/26/2016 Huntington Bancshares Incorporated (HBAN) Cash Plus Stock $3.4 billion $20.19 $20.09 1,000,924 09/30/2016 0.49% 2.02%
+ EXAM 04/27/2016 an affiliate of Leonard Green & Partners, L.P. (N/A) All Cash $2.2 billion $35.05 $34.89 433,722 09/30/2016 0.46% 1.90%
+ FEIC 05/27/2016 Thermo Fisher Scientific, Inc. (TMO) All Cash $4.2 billion $107.50 $107.01 335,222 01/31/2017 0.46% 0.79%
+ QLGC 06/15/2016 Cavium, Inc. (CAVM) Cash Plus Stock $1.36 billion $14.70 $14.65 709,968 09/30/2016 0.36% 1.48%
+ XNPT 05/23/2016 Arbor Pharmaceuticals, LLC (N/A) All Cash $467 million $7.03 $7.01 1,067,023 09/30/2016 0.29% 1.18%
+ DWA 04/28/2016 NBCUniversal (N/A) All Cash $3.8 billion $41.00 $40.91 808,620 12/31/2016 0.22% 0.45%
+ EDE 02/09/2016 Algonquin Power & Utilities Corp. (AQN.TO) All Cash $2.4 billion $34.00 $33.93 108,475 03/31/2017 0.21% 0.28%
+ IHS 03/21/2016 Markit Ltd. (MRKT) All Stock N/A $117.72 $117.51 517,161 12/31/2016 0.18% 0.37%
+ CPXX 05/31/2016 Jazz Pharmaceuticals Public Limited Company (JAZZ) All Cash $1.5 billion $30.25 $30.22 543,593 09/30/2016 0.10% 0.41%
+ KKD 05/09/2016 JAB Beech Inc. (N/A) All Cash $1.35 billion $21.00 $20.99 431,386 09/30/2016 0.05% 0.20%
+ LDRH 06/07/2016 Zimmer Biomet Holdings, Inc. (ZBH) All Cash $1 billion $37.00 $36.99 823,640 09/30/2016 0.03% 0.11%
+ DWRE 06/01/2016 salesforce.com, inc. (CRM) All Cash $2.8 billion $75.00 $74.99 1,031,776 07/31/2016 0.01% 0.18%
+ PNY 10/26/2015 Duke Energy Corporation (DUK) All Cash $6.7 billion $60.00 $60.05 447,731 12/31/2016 -0.08% -0.17%
+ RSE 02/25/2016 an affiliate of Brookfield Asset Management Inc. (N/A) All Cash $2.8 billion $18.25 $18.28 229,539 07/06/2016 -0.16% -29.95%
+ RRMS 05/31/2016 SemGroup Corporation (SEMG) All Stock $1.74 billion $27.06 $27.11 196,797 09/30/2016 -0.18% -0.76%
+ LSBG 05/05/2016 Bar Harbor Bankshares (BHB) All Stock $143 million $17.22 $17.25 24,492 03/31/2017 -0.20% -0.27%
+ CLBH 06/22/2016 First Bancorp (FBNC) All Stock $97.3 million $17.86 $17.92 16,048 03/31/2017 -0.36% -0.49%
+ TUMI 03/03/2016 Samsonite International S.A. (N/A) All Cash $1.8 billion $26.75 $26.87 595,733 06/30/2016 -0.45% 40.75%
+ SSRG 05/03/2016 an affiliate of RoundTable Healthcare Partners (N/A) All Cash $140.3 million $13.10 $13.18 87,675 09/30/2016 -0.61% -2.52%
+ CKEC 03/03/2016 AMC Entertainment Holdings, Inc. (AMC) All Cash $1.1 billion $30.00 $30.22 459,674 12/31/2016 -0.73% -1.48%
+ STR 02/01/2016 Dominion Resources, Inc. (D) All Cash $4.4 billion $25.00 $25.19 1,072,440 12/31/2016 -0.75% -1.53%
+ BITI 01/19/2016 Acorda Therapeutics, Inc. (ACOR) All Cash $363 million $25.60 $25.80 N/A 09/30/2016 -0.78% -3.22%
+ TTHI 06/30/2016 Opko Health, Inc. (OPK) All Stock $60 million $1.52 $1.53 836,920 12/31/2016 -0.89% -1.81%
+ ACAS 05/23/2016 Ares Capital Corporation (ARCC) Cash Plus Stock $3.4 billion $15.74 $15.96 813,022 05/31/2017 -1.36% -1.50%
+ ASEI 06/21/2016 OSI Systems, Inc. (OSIS) All Cash $269 million $37.00 $37.58 48,853 12/31/2016 -1.54% -3.13%
+ IMS 05/03/2016 Quintiles Transnational Holdings Inc. (Q) All Stock $9 billion $25.67 $26.09 2,742,439 12/31/2016 -1.59% -3.23%
+ COB 11/23/2015 Capital Bank Financial Corp. (CBF) All Stock $350 million $12.26 $12.49 10,921 06/30/2016 -1.88% 171.69%
+ LPSB 03/10/2016 Horizon Bancorp (HBNC) All Stock $94.1 million $15.73 $16.35 3,647 09/30/2016 -3.78% -15.70%
+ SKUL 06/24/2016 Incipio LLC (N/A) All Cash $177 million $5.75 $6.05 1,962,347 09/30/2016 -4.96% -20.57%
+ AEGR 06/15/2016 QLT Inc. (QLTI) All Stock $267.27 million $1.48 $1.58 459,178 12/31/2016 -6.20% -12.58%
+ IOC 05/20/2016 Oil Search Limited (OSH.AX) All Stock $2.2 billion $41.51 $46.74 1,102,383 09/30/2016 -11.20% -46.45%
+ CACQ 12/22/2014 Caesars Entertainment Corporation (CZR) All Stock N/A $4.63 $11.35 86,967 03/31/2015 -59.17% 46.84%

Disclaimer: Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter@asifsuria




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