Merger Arbitrage (Beta)

Note: You can sort the following table by clicking on Profit, Annualized Profit, Announced Date and Closing Date.

  Symbol Announced Date Acquiring
Company
Deal
Type
Clo.
Value
Clo.
Price
Last
Price
Volume Clo.
Date
Profit Annu.
Profit
UPI 12/22/2014 Vision-Sciences Inc. (VSCI) Stock N/A $1.60 $1.30 110 06/30/2015 22.97% 91.12%
Details of Uroplasty, Inc.:

Expected to close in the first half of 2015 in an all stock deal. Under the terms of the agreement, shareholders of Uroplasty will receive 3.6331 shares of Vision-Sciences' common stock for each outstanding share of Uroplasty's common stock.

Update(s)

March 3, 2015: Uroplasty (UPI) issued a press release announcing that it will host a meeting for shareholders and analysts on Thursday, March 12, 2015 to discuss the proposed merger between Uroplasty and Vision-Sciences (VSCI).

EDS 12/02/2013 Pan Long Company Limited (N/A) Cash $60.1 million $1.78 $1.53 1,550 12/31/2014 16.34% 0.00%
Details of Exceed Company Ltd.:

Expected to close in the third quarter of 2014 for a closing value of $60.1 million. Upon completion of the merger, shareholders of Exceed Company will receive $1.78 per share in cash.

Updates(s)

  1. On October 21, 2014, Exceed company announced that the termination date for the merger agreement has been extended to December 31, 2014. 
ODP 02/04/2015 Staples, Inc. (SPLS) Cash Plus Stock $6.3 billion $10.81 $9.30 234,886 12/31/2015 16.19% 21.41%
Details of Office Depot, Inc.:

Expected to close by the end of the calendar year 2015 for a closing value of $6.3 billion in a cash plus stock deal. Under the terms of the agreement, Office Depot shareholders will receive, for each Office Depot share, $7.25 in cash and 0.2188 of a share in Staples stock at closing.

HLSS 02/22/2015 New Residential Investment Corp. (NRZ) Cash $1.3 billion $18.25 $16.48 54,076 06/30/2015 10.74% 42.61%
Details of Home Loan Servicing Solutions, Ltd.:

Expected to close in the second quarter of 2015 for a closing value of $1.3 billion. Upon completion of the merger, shareholders of Home Loan Servicing Solutions will receive $18.25 per share in cash.

DTV 05/18/2014 AT&T, Inc. (T) Special Conditions $48.5 billion $95.00 $86.16 58,276 05/31/2015 10.26% 60.40%
Details of DIRECTV:

Expected to close within approximately 12 months for a closing value of $48.5 billion in a stock and cash transaction. Under the terms of the agreement, DIRECTV shareholders will receive $95.00 per share under the terms of the merger, comprised of $28.50 per share in cash and $66.50 per share in AT&T stock. The stock portion will be subject to a collar such that DIRECTV shareholders will receive 1.905 AT&T shares if AT&T stock price is below $34.90 at closing and 1.724 AT&T shares if AT&T stock price is above $38.58 at closing. If AT&T stock price at closing is between $34.90 and $38.58, DIRECTV shareholders will receive a number of shares between 1.724 and 1.905, equal to $66.50 in value.

On account of the collar, we are treating this deal as an all cash deal.

TWC 02/13/2014 Comcast Corporation (CMCSA) Stock $45.2 billion $162.87 $148.50 242,912 06/30/2015 9.68% 38.39%
Details of Time Warner Cable Inc.:

Expected to close by the second quarter of 2015 for a closing value of $45.2 billion in an all stock deal. Upon completion of the merger, shareholders of Time Warner Cable will receive 2.875 shares of CMCSA.

API 02/02/2015 Luna Innovations Incorporated (LUNA) Stock N/A $0.43 $0.39 N/A 06/30/2015 9.20% 36.50%
Details of Advanced Photonix Inc.:

Expected to close in the second quarter of 2015 in an all stock deal. Under the terms of the agreement, shareholders of Advanced Photonix will receive shares of Luna common stock at a ratio of 0.31782 for each share of API common stock owned by them. 

BHI 11/16/2014 Halliburton Company (HAL) Cash Plus Stock N/A $68.17 $63.53 186,279 12/31/2015 7.30% 9.65%
Details of Baker Hughes Incorporated:

Expected to close in the second half of 2015 in a cash plus stock deal. Under the terms of the agreement, shareholders of Baker Hughes will receive 1.12 Haliburton shares plus $19.00 in cash for each share they own.

ISSI 03/12/2015 a Chinese consortium of investors led by Summitview Capital (N/A) Cash N/A $19.25 $18.02 24,575 09/30/2015 6.83% 13.54%
Details of Integrated Silicon Solution Inc.:

Expected to close in the third quarter of 2015. Upon completion of the merger, shareholders of Integrated Silicon Solution will receive $19.25 per share in cash.

LO 07/15/2014 Reynolds American Inc. (RAI) Cash Plus Stock $27.4 billion $70.78 $66.94 590,717 06/30/2015 5.74% 22.79%
Details of Lorillard, Inc. :

Espected to close in the first half of 2015 for a closing value of $27.4 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Lorillard will receive $50.50 in cash and 0.2909 of a share in RAI stock.

INXN 03/09/2015 Telecity Group plc (TCY.L) Stock N/A $30.52 $28.94 16,573 12/31/2015 5.45% 7.20%
Details of Interxion Holding NV:

Expected to close in the second half of 2015 in an all stock deal. Under the terms of the agreement, shareholders of Intrexion Holding will receive 2.3386 new TelecityGroup shares per Interxion share.

URZ 01/05/2015 Energy Fuels Inc. (UUUU) Stock $150 million $1.17 $1.11 26,765 06/30/2015 5.45% 21.61%
Details of Uranerz Energy Corp.:

Expected to close in the second quarter of 2015 in an all stock deal. Under the terms of the agreement, shareholders of Uranerz Energy will receive 0.255 commin shares of Energy Fuels.

SQBK 03/02/2015 PacWest Bancorp (PACW) Stock $849 million $27.71 $26.34 1,655 12/31/2015 5.21% 6.89%
Details of Square 1 Financial, Inc.:

Expected to close in the fourth quarter of 2015 for a closing value of $849 million in an all stock deal. Under the terms of the Agreement, Square 1 stockholders will receive 0.5997 shares of PacWest common stock for each share of Square 1 common stock.

LNBB 12/15/2014 Northwest Bancshares, Inc. (NWBI) Special Conditions $183.3 million $18.70 $17.89 703 06/30/2015 4.53% 17.96%
Details of LNB Bancorp Inc.:

Expected to close in the second quarter of 2015 for a closing value of $183.3 million. Under the terms of the agreement, shareholders of LNB Bancorp will be entitled to elect to receive either 1.461 shares of Northwest Bancshares common stock or $18.70 per share in cash.

TLM 12/15/2014 Repsol S.A. (N/A) Cash $13 billion $8.00 $7.66 380,043 06/30/2015 4.44% 17.61%
Details of Talisman Energy Inc.:

Expected to close in the second quarter of 2014 for a closing value of $13 billion. Upon completion of the merger, shareholders of Talisman Energy will receive $8.00 per share in cash.

WMGI 10/27/2014 Tornier N.V. (TRNX) Stock $1.72 billion $26.71 $25.63 7,225 06/30/2015 4.22% 16.73%
Details of Wright Medical Group Inc.:

Expected to close in the first half of 2015 for a closing value of $3.3 billion in an all stock deal. Under the terms of the agreement, shareholders of Wright Medical Group will receive 1.0309 ordinary shares of Tornier in exchange for each outstanding share of Wright common stock.

DRC 09/21/2014 Siemens (N/A) Cash $7.6 billion $83.00 $80.10 104,919 06/30/2015 3.62% 14.36%
Details of Dresser-Rand Group Inc.:

Expected to close in the summer of 2015 for a closing value of $7.6 billion. Upon completion of the merger, shareholders of Dresser-Rand Group will receive $83.00 per share in cash. Additional per share cash consideration of $0.55 shall be applied on the first day of each month starting March 1, 2015, until the closing occurs.

CYN 01/22/2015 Royal Bank of Canada (RY) Cash Plus Stock $5.4 billion $91.89 $88.76 33,678 12/31/2015 3.53% 4.67%
Details of City National Corporation:

Expected to close before the of calendar 2015 for a closing value of $5.4 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of City National Corporation will receive approximately $47.25 in cash and 0.7489 of an RBC common share for each share of City National common stock.

HE 12/03/2014 NextEra Energy, Inc. (NEE) Special Conditions $4.3 billion $33.50 $32.43 8,268 12/31/2015 3.30% 4.36%
Details of Hawaiian Electric Industries Inc.:

Expected to close by the end of the year 2015 for a closing value of $4.3 billion. Upon completion of the merger, shareholders of Hawaiian Electric Industries will receive a $0.50 special dividend, 0.2413 shares of NextEra Energy common stock, and a share in ASB Hawaii valued at $8.00, per share held. In connection with the agreement, HEI plans to spin off ASB Hawaii to HEI shareholders and establish it as an independent publicly traded company, immediately prior to and contingent upon the completion of the combination of HEI with NextEra Energy. 

TEG 06/23/2014 Wisconsin Energy Corp. (WEC) Cash Plus Stock $9.1 billion $74.38 $72.22 14,225 06/30/2015 2.99% 11.88%
Details of Integrys Energy Group, Inc. :

Expected to close in the summer of 2015 for a closing value of $9.1 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Integrys Energy Group will receive common stock at a fixed exchange ratio of 1.128 Wisconsin Energy shares plus $18.50 in cash per Integrys share.

IGT 07/16/2014 GTECH S.p.A. (GTKYY) Special Conditions $6.4 billion $18.25 $17.76 802,568 06/30/2015 2.76% 10.95%
Details of International Game Technology:

Expected to close in the first and second quarter of 2015 for a closing value of $6.4 billion. Under the terms of the agreement, shareholders of International Game Technology will receive an aggregate value of $18.25 per IGT share in a combination of $13.69 in cash plus 0.1819 ordinary shares of NewCo for each share of IGT common stock, as described in greater detail below.  GTECH shareholders will exchange each of their existing GTECH shares for one (1) newly issued NewCo share. 

Assuming a mixed consideration election, the stock consideration portion is subject to adjustment with a 15% up and down collar based on the trading price of GTECH shares prior to the closing of the transaction.  The exchange ratio of IGT common stock for NewCo stock will be determined by the average of the volume-weighted average price of GTECH stock (converted to USD) on ten randomly selected trading days occurring within the twenty trading-day period ending on (and including) the second full trading day prior to the closing of the transaction (the "GTECH Share Trading Price").  If the GTECH Share Trading Price is between or equal to $25.08 and $28.84, the exchange ratio will vary between 0.1819x and 0.1582x.  Above $28.84, the exchange ratio will be fixed at 0.1582x.  Between or equal to $21.32 and $25.08, IGT shareholders will receive NewCo stock at a fixed ratio of 0.1819x plus additional cash consideration up to $0.68 per IGT share.  Below $21.32 IGT shareholders receive 0.1819 NewCo shares and additional cash consideration equal to the GTECH Share Trading Price multiplied by 0.0321.

OWW 02/12/2015 Expedia Inc. (EXPE) Cash $1.6 billion $12.00 $11.69 54,137 06/30/2015 2.65% 10.52%
Details of Orbitz Worldwide, Inc.:

Expected to close in the second quarter of 2015 for a closing value of $1.6 billion. Upon completion of the merger, shareholders of Orbitz Worldwide will receive $12.00 per share in cash.

ONFC 02/24/2015 Community Bank System Inc. (CBU) Stock $142 million $19.87 $19.37 1,954 07/31/2015 2.61% 7.73%
Details of Oneida Financial Corp.:

Expected to close in July 2015 for a closing value of $142 million in a cash or stock deal. Under the terms of the agreement, shareholders of Oneida Financial Corp can elect to receive either 0.5635 shares of Community Bank System, Inc. common stock or $20.00 in cash for each share of Oneida Financial Corp. common stock they hold, subject to an overall 60% stock and 40% cash split.

FSL 03/02/2015 NXP Semiconductors NV (NXPI) Cash Plus Stock $16.7 billion $42.37 $41.35 57,866 12/31/2015 2.46% 3.26%
Details of Freescale Semiconductor, Ltd.:

Expected to close in the second half of calendar 2015 for a closing value of $16.7 billion in a cash plus stock deal. Under the terms of the agreement, Freescale shareholders will receive $6.25 in cash and 0.3521 of an NXP ordinary share for each Freescale common share held at the close of the transaction.

PPO 02/23/2015 Asahi Kasei Corporation (AHKSY) Cash $3.2 billion $60.50 $59.06 33,125 09/30/2015 2.44% 4.84%
Details of Polypore International Inc.:

Expected to close in the third quarter of 2015 for a closing value of $3.2 billion. Upon completion of the merger, shareholders of Polypore International will receive $60.50 per share in cash. 

As an integrated step in this transaction, immediately prior to Asahi Kasei’s acquisition of Polypore, 3M Company (MMM) will acquire the assets of Polypore’s Separations Media segment for approximately $1.0 billion and Asahi Kasei will receive the cash proceeds from the asset sale.

HSP 02/05/2015 Pfizer Inc. (PFE) Cash $17 billion $90.00 $87.89 111,407 12/31/2015 2.40% 3.17%
Details of Hospira Inc.:

Expected to close in the second half of 2015 for a closing value of $17 billion. Upon completion of the merger, shareholders of Hospira will receive $90 per share in cash.

GFIG 07/30/2014 BGC Partners, Inc. (BGCP) Cash $778 million $6.10 $5.96 5,721 02/26/2015 2.35% 0.00%
Details of GFI Group Inc.:

Expected to close in early 2015 in a two step transaction. CME Group will first acquire all of the outstanding shares of GFI Group in exchange for $4.55 per share in CME Group Class A Common Stock. Immediately following the acquisition of GFI Group, a private consortium of GFI Group management, led by current Executive Chairman Michael Gooch, CEO Colin Heffron and Managing Director Nick Brown, will acquire GFI Group's wholesale brokerage and clearing businesses for $165M in cash and the assumption, at closing, of approximately $63M of unvested deferred compensation and other liabilities. After completion of the transaction, the wholesale brokerage business, including the Kyte Group, will continue as a private company with its management and operations largely unchanged. The continuing GFI Group brokerage business will maintain its commitment to both Trayport and FENICS by entering into long-term commercial agreements.

Update(s)

September 9, 2014: Interdealer broker BGC Partners launched a $675 million hostile bid for rival GFI Group (GFIG), topping an agreed offer from exchange operator CME Group Inc.

December 9, 2014: BGC Partners (BGCP) announced that it has extended the expiration date of its tender offer to acquire all the outstanding shares of GFI Group (GFIG) to January 6, 2015 unless further extended.

December 19, 2014: BGC Partners (BGCP) announced that it has increased its all-cash tender offer to acquire all the outstanding shares of GFI Group (GFIG) to $5.45 per share.

January 15, 2015: BGC Partners (BGCP) announced contingent increase of all-cash tender offer to acquire GFI Group (GFIG) to $5.85 per share and immediate non-contingent increase to $5.75 per share.

January 20, 2015: BGC Partners (BGCPannounced increase of all-cash tender offer to acquire GFI Group (GFIG) to $6.10 per share. On January 22, 2015, Glass, Lewis & Co. recommended shareholders of GFI Group to vote against the merger agreement with CME Group at the special meeting of GFI shareholders scheduled for January 27, 2015. 

January 30, 2015: GFI Group (GFIG) shareholders rejected the proposed takeover by CME Group (CME), forcing the companies to terminate the merger agreement.

February 20, 2015: BGC Partners (BGCP) and GFI Group (GFIG) announced that they have entered into a tender offer support agreement in which GFI's board of directors unanimously agreed to support BGC's tender offer for all of the outstanding shares of GFI common stock at $6.10 per share in cash.

March 19, 2015: GFI Group (GFIG) notified the New York Stock Exchange that its Board of Directors had unanimously voted to voluntarily delist the Company's common stock, par value $0.01 per share, from the NYSE and to terminate the registration of the Common Stock under the Securities Exchange Act of 1934, as amended.

ALLB 03/03/2015 WSFS Financial Corp. (WSFS) Stock $92 million $21.92 $21.47 100 12/31/2015 2.09% 2.77%
Details of Alliance Bancorp Inc of Pennsylvania:

Expected to close in the fourth quarter of 2015 for a losing value of $92 million in a cash or stock deal. Under the terms of the agreement, shareholders of Alliance Bancorp will be entitled to elect to receive either 0.28955 shares of WSFS common stock or $22.00 in cash for each common share of Alliance Bancorp, Inc. of Pennsylvania, subject to an overall allocation of exchanged shares into 70% common stock and 30% cash. 

VIAS 09/22/2014 TTM Technologies Inc. (TTMI) Cash Plus Stock $927 million $17.63 $17.30 1,434 06/30/2015 1.93% 7.67%
Details of Viasystems Group, Inc.:

Expected to close in the first half of 2015 for a closing value of $927 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Viasystems will receive per share consideration equal to $11.33 in cash and 0.706 shares of TTM common stock for each Viasystems share.

HCBK 08/27/2012 M&T Bank Corporation (MTB) Stock $3.7 billion $10.64 $10.44 173,111 04/30/2015 1.92% 22.64%
Details of Hudson City Bancorp, Inc.:

Expected to close early in the first quarter of 2014 for a closing value of $3.7 billion in an all stock deal. Under the terms of the agreement, shareholders of Hudson City Bancorp will receive consideration valued at 0.08403 of an M&T share in the form of either M&T stock or cash.

Update(s)

On December 9, 2014, Hudson City Bancorp (HCBK) and M&T Bank Corporation (MTB) announced further extension of time to complete the proposed merger to April 30, 2015.

HBOS 12/10/2014 Renasant Corp. (RNST) Stock $258 million $27.46 $26.97 648 09/30/2015 1.83% 3.64%
Details of Heritage Financial Group, Inc.:

Expected to close in the third quarter of 2015 for a closing value of $258 million in an all stock deal. Under the terms of the agreement, shareholders of Heritage Financial Group will receive 0.9266 shares of Renasant common stock for each share of Heritage common stock.

BBNK 03/09/2015 Western Alliance Bancorporation (WAL) Cash Plus Stock $425 million $26.39 $25.92 173 12/31/2015 1.83% 2.41%
Details of Bridge Capital Holdings:

Expected to close in the fourth quarter of 2015 for a closing value of $425 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Bridge Capital Holdings will receive 0.8145 of a share of Western Alliance Bancorporation and $2.39 in cash for each share of Bridge common stock owned.

PCYC 03/04/2015 AbbVie Inc. (ABBV) Cash $21 billion $261.25 $256.65 33,089 06/30/2015 1.79% 7.11%
Details of Pharmacyclics Inc.:

Expected to close by mid 2015 for a closing value of $21 billion. Under the terms of this agreement, shareholders of Pharmacyclics will receive $261.25 per share in cash.

RTI 03/09/2015 Alcoa Inc. (AA) Stock $1.5 billion $36.33 $35.69 77,691 08/15/2015 1.79% 4.73%
Details of RTI International Metals, Inc.:

Expected to close in three to six months in an all stock deal. Under the terms of the agreement, RTI shareholders will receive 2.8315 Alcoa shares for each RTI share.

MIG 12/30/2014 Fosun International Limited (N/A) Cash $433 million $8.65 $8.50 9,355 12/31/2015 1.76% 2.33%
Details of Meadowbrook Insurance Group Inc.:

Expected to close in the second half of 2015 for a closing value of $433 million. Upon completion of the merger, shareholders of Meadowbrook Insurance Group will receive $8.65 per share in cash.

CNL 10/20/2014 Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC) (N/A) Cash $4.7 billion $55.37 $54.41 18,148 12/31/2015 1.76% 2.33%
Details of Cleco Corporation:

Expected to close in the second half of 2015 for a closing value of $4.7 billion. Upon completion of the merger, shareholders of Cleco Corporation will receive $55.37 per share in cash.

SIBC 12/30/2014 First NBC Bank Holding Company (NBCB) Cash $49 million $21.25 $20.90 800 06/30/2015 1.67% 6.64%
Details of State Investors Bancorp, Inc.:

Expected to close in the second quarter of 2015 for a closing value of $49 million. Upon completion of the merger, shareholders of State Investors Bancorp will receive $21.25 per share in cash.

SUSQ 11/12/2014 BB&T Corporation (BBT) Cash Plus Stock $2.5 billion $13.92 $13.70 113,135 06/30/2015 1.62% 6.43%
Details of Susquehanna Bancshares, Inc.:

Expected to close for a closing value of $2.5 billion in a cash plus tock deal. Under the terms of the agreement, shareholders of Susquehanna Bancshares will receive 0.253 shares of BB&T common stock and $4.05 in cash for each share of Susquehanna common stock.

LTM 03/16/2015 Leonard Green & Partners and TPG (N/A) Cash $4 billion $72.10 $70.97 23,793 09/30/2015 1.59% 3.16%
Details of Life Time Fitness, Inc.:

Expected to close in the third quarter of 2015 for a closing value of $4 billion. Upon completion of the merger, shareholders of Life Time Fitness will receive $72.10 per share in cash.

POM 04/30/2014 Exelon Corporation (EXC) Cash $7.2 billion $27.25 $26.88 43,388 09/30/2015 1.38% 2.73%
Details of Pepco Holdings, Inc.:

Expected to close in the second or third quarter of 2015 for a closing value of $7.2 billion. Upon completion of the merger, shareholders of Pepco Holdings will receive $27.25 per share in cash.

HVB 11/05/2014 Sterling Bancorp. (STL) Stock $539 million $25.71 $25.36 1,922 06/30/2015 1.38% 5.46%
Details of Hudson Valley Holding Corp.:

Expected to close in the second quarter of 2015 for a closing value of $167.09 million in an all stock deal. Under the terms of the agreement, shareholders of Hudson Valley Holding will receive 1.92 shares of Sterling Bancorp for each share of Hudson Valle Holding common stock. 

XLS 02/06/2015 Harris Corporation (HRS) Cash Plus Stock $4.56 billion $24.56 $24.25 102,121 06/30/2015 1.29% 5.11%
Details of Exelis Inc.:

Expected to close in June 2015 for a closing value of $4.56 billion in a cash plus stock deal. Under the terms of the transaction, Exelis shareholders will receive $16.625 in cash and 0.1025 of a share of Harris common stock, for each share of Exelis common stock.

VYFC 11/17/2014 BNC Bancorp (BNCN) Special Conditions $101.3 million $20.50 $20.25 N/A 06/30/2015 1.23% 4.90%
Details of Valley Financial Corporation:

Expected to close in the second quarter of 2015 for a closing value of $101.3 million. Under the terms of the agreement, shareholders of Valley Financial Corporation will receive a fixed price of $20.50 for each share of Valley common stock, payable in shares of BNC common stock based upon the 20-day volume weighted average price of BNC common stock prior to the closing of the merger, subject to minimum and maximum exchange ratios. If the VWAP immediately prior to the merger is greater than or equal to $18.50 then each share of Valley common stock shall be converted into 1.1081 shares of BNC common stock. If the VWAP immediately prior to the merger is less than $14.25, then each share of Valley common stock shall be converted into 1.4386 shares of BNC common stock. 

SIAL 09/22/2014 Merck KGaA (N/A) Cash $17 billion $140.00 $138.41 25,865 06/30/2015 1.15% 4.56%
Details of Sigma-Aldrich Corporation:

Expected to close by mid-year 2015 for a closing value of $17 billion. Upon completion of the merger, shareholders of Sigma-Aldrich will receive $140 per share in cash.

HBNK 11/04/2014 Berkshire Hills Bancorp Inc. (BHLB) Stock $109 million $22.48 $22.28 N/A 05/15/2015 0.89% 7.03%
Details of Hampden Bancorp, Inc.:

Expected to close early in the second quarter of 2015 for a closing value of $109 million in an all stock deal. Under the terms of the agreement, shareholders of Hampden Bancorp will receive 0.81 shares of Berkshire Hills common stock for each outstanding share of Hampden stock.

ENTR 02/03/2015 MaxLinear, Inc. (MXL) Cash Plus Stock $287 million $2.97 $2.95 6,320 06/30/2015 0.79% 3.12%
Details of Entropic Communications, Inc.:

Expected to close in the second quarter of 2015 for a closing value of $287 million in a cash plus stock deal. Under the terms of the agreement, Entropic shareholders will receive (i) $1.20 per share in cash and (ii) 0.2200 shares of MaxLinear common stock for each Entropic common share outstanding. 

ARUN 03/02/2015 Hewlett-Packard Company (HPQ) Cash $2.7 billion $24.67 $24.49 196,712 10/31/2015 0.73% 1.25%
Details of Aruba Networks, Inc.:

Expected to close in the second half of HP's Fiscal Year 2015 for a closing value of $2.7 billion. Upon completion of the merger, shareholders of Aruba Networks will receive $24.67 per share in cash.

KFX 03/24/2015 Lexmark International Inc. (LXK) Cash $1 billion $11.00 $10.93 325,307 06/30/2015 0.64% 2.54%
Details of Kofax Limited:

Expected to close in the second quarter of 2015 for a closing value of approximately $1 billion. Upon completion of the merger, shareholders of Kofax Limited will receive $11.00 per share in cash.

TRW 09/15/2014 ZF Friedrichshafen AG ("ZF") (N/A) Cash $13.5 billion $105.60 $104.94 116,122 06/30/2015 0.63% 2.50%
Details of TRW Automotive Holdings Corp.:

Expected to close in th first half of 2015 for a closing value of $13.5 billion. Upon completion of the merger, shareholders of TRW Automotive Holdings will receive $105.60 per share in cash.

MWV 01/26/2015 Rock-Tenn Company (RKT) Stock $16 billion $50.21 $49.91 39,296 06/30/2015 0.60% 2.37%
Details of MeadWestvaco Corporation:

Expected to close in the second calendar quarter of the year 2015 in an all stock deal. Under the terms of the agreement, shareholders of MeadWestvaco Corporation will receive 0.78 shares of Rock-Tenn Company.

MVNR 03/02/2015 Mitel Networks Corporation (MITL) Cash Plus Stock $560 million $17.95 $17.86 11,171 06/30/2015 0.51% 2.03%
Details of Mavenir Systems, Inc.:

Expected to close in the second quarter of 2015 for a closing value of $560 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Mavenir Systems will receive $11.08 per share in cash plus 0.675 of a Mitel common share.

RVBD 12/15/2014 Thoma Bravo, LLC and Teachers’ Private Capital (N/A) Cash $3.6 billion $21.00 $20.92 125,279 06/30/2015 0.38% 1.52%
Details of Riverbed Technology, Inc.:

Expected to close in the first half of 2015 for a closing value of $3.6 billion. Upon completion of the merger, shareholders of Riverbed Technology will receive $21.00 per share in cash.

RGP 01/26/2015 Energy Transfer Partners, L.P. (ETP) Cash Plus Stock $18 billion $23.24 $23.16 29,334 06/30/2015 0.36% 1.44%
Details of Regency Energy Partners LP:

Expected to close in the second quarter of 2015 for a closing value of $18 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Regency Energy Partners will receive 0.4066 ETP common units and a cash payment of $0.32 for each common unit of Regency.

ELX 02/25/2015 Avago Technologies Limited (AVGO) Cash $609 million $8.00 $7.98 32,574 11/01/2015 0.31% 0.53%
Details of Emulex Corporation:

Expected to close in the second half of Avago's fiscal year ending November 1, 2015 for a closing value of $609 million. Upon completion of the merger, shareholders of Emulex Corportation will receive $8.00 per share in cash.

ADVS 02/02/2015 SS&C Technologies Holdings, Inc. (SSNC) Cash $2.7 billion $44.25 $44.13 72,074 06/30/2015 0.27% 1.08%
Details of Advent Software, Inc.:

Expected to close in the second quarter of 2015 for a closing value of $2.7 billion. Upon completion of the merger, shareholders of Advent Software will receive $44.25 per share in cash.

BKYF 09/08/2014 BB&T Corporation (BBT) Cash Plus Stock $363 million $48.91 $48.81 2,623 03/31/2015 0.21% 76.02%
Details of The Bank of Kentucky Financial Corporation:

Expected to close in the first quarter of 2015 for a closing value of $363 million in a cash plus stock deal. Under the terms of the agreement, shareholders of The Bank of Kentucky Financial Corporation will receive 1.0126 shares of BB&T common stock and $9.40 of cash for each share of The Bank of Kentucky stock.

AVIV 10/31/2014 Omega Healthcare Investors Inc. (OHI) Stock $3 billion $36.38 $36.32 10,683 03/31/2015 0.16% 58.29%
Details of Aviv REIT, Inc.:

Expected to close in the first quarter of 2015 for a closing value of $3 billion in an all stock deal. Under the terms of the agreement, Aviv shareholders will receive a fixed exchange ratio of 0.90 Omega shares for each share of Aviv common stock they own.

CMSB 09/25/2014 Putnam County Savings Bank (N/A) Cash $25.4 million $13.25 $13.24 N/A 06/30/2015 0.08% 0.30%
Details of CMS Bancorp, Inc.:

Expected to close in the first half of 2015 for a closing value of $25.4 million. Upon completion of the merger, shareholders of CMS Bancorp will receive $13.25 per share in cash.

FSGI 03/25/2015 Atlantic Capital Bancshares, Inc. (N/A) Cash $160 million $2.35 $2.35 33,000 10/31/2015 0.00% 0.00%
Details of First Security Group, Inc.:

Expected to close late in the third quarter or early in the fourth quarter of 2015 for a closing value of approximately $160 million. Upon completion of the merger, shareholders of First Security Group will receive $2.35 per share in cash.

RIOM 02/09/2015 Tahoe Resources Inc. (TAHO) Cash Plus Stock $1.12 billion $2.62 $2.62 6,200 04/15/2015 -0.15% -3.45%
Details of Rio Alto Mining Limited:

Expected to close in April 2015 for a closing value of $1.12 billion in a cash plus stock deal. Under the terms of the agreement, all of the Rio Alto issued and outstanding common shares will be exchanged on the basis of 0.227 of a Tahoe common share and C$0.001 in cash per Rio Alto share.

VTSS 03/18/2015 Microsemi Corporation (MSCC) Cash $389 million $5.28 $5.31 19,329 06/28/2015 -0.47% -1.91%
Details of Vitesse Semiconductor Corp.:

Expected to close in Microsemi's fiscal third quarter ending June 28, 2015 for a closing value of $389 million. Upon completion of the merger, shareholders of Vitesse Semiconductor will receive $5.28 per share in cash.

CACQ 12/22/2014 Caesars Entertainment Corporation (CZR) Stock N/A $6.45 $6.50 4,597 03/31/2015 -0.71% -257.86%
Details of Caesars Acquisition Company:

Expectes to close in the first quarter of 2015 in an all stock deal. Under the terms of the agreement, each outstanding share of Caesars Acquisition class A common stock will be exchanged for 0.664 share of Caesars Entertainment common stock.

COBK 09/10/2014 Cape Bancorp, Inc. (CBNJ) Stock $55 million $13.48 $13.90 N/A 03/31/2015 -2.99% -1090.80%
Details of Colonial Financial Services, Inc.:

Expected to close in the first half of 2015 for a closing value of $55 million in a cash or stock deal. Under the terms of the agreement, shareholders of Colonial Financial Services will be entitled to elect to receive either $14.50 per share in cash or 1.412 shares of Cape’s common stock, subject to 50% of the shares being exchanged for stock and 50% for cash. 

PZG 12/17/2014 Coeur Mining, Inc. (CDE) Stock $146 million $0.97 $1.01 173,333 06/30/2015 -3.99% -15.83%
Details of Paramount Gold and Silver Corp.:

Expected to close in the second quarter of 2015 for a closing value of $146 million in an all stock deal. Under the terms of the agreement, shareholders of Paramount Gold and Silver will receive 0.2016 Coeur shares per Paramount shares. 

In addition, Paramount stockholders will receive their pro rata share of the outstanding shares of an existing subsidiary or a newly incorporated subsidiary (“SpinCo”) of Paramount. SpinCo will hold Paramount’s interest in the Sleeper Gold, Mill Creek and Spring Valley Projects in Nevada and will be capitalized with $10 million in cash from Coeur. Upon completion of the Merger, Paramount stockholders will hold, in aggregate, a 95.1% interest in SpinCo and Coeur will hold the remaining 4.9%

CRRC 02/05/2015 R.R. Donnelley & Sons Company (RRD) Cash $261 million $23.00 $24.40 2,237 06/30/2015 -5.74% -22.76%
Details of Courier Corporation:

Expected to close in the second quarter of 2015 for a closing value of $261 million. Upon completion of the merger, shareholders of Courier Corporation will receive $23.00 per share in cash or 1.3756 RR Donnelley common shares.

 

 

FDO 07/28/2014 Dollar Tree, Inc. (DLTR) Special Conditions $9.2 billion $74.50 $79.47 38,198 03/31/2015 -6.25% -2282.69%
Details of Family Dollar Stores Inc.:

Expected to close by early 2015 for a closing value of $9.2 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Family Dollar Stores will receive $59.60 in cash and $14.90 in Dollar Tree stock. The stock portion will be subject to a collar such that Family Dollar shareholders will receive 0.2484 Dollar Tree shares if the average Dollar Tree trading price during a specified period preceding closing is equal to or greater than $59.98 and 0.3036 Dollar Tree shares if this average trading price is less than or equal to $49.08. If the average trading price of Dollar Tree stock during this period is between $49.08 and $59.98, Family Dollar shareholders will receive a number of shares between 0.2484 and 0.3036 equal to $14.90 in value.

SLXP 02/22/2015 Valeant Pharmaceuticals International, Inc. (VRX) Cash $14.5 billion $158.00 $172.74 56,259 06/30/2015 -8.53% -33.85%
Details of Salix Pharmaceuticals Ltd.:

Expected to close in the second quarter of 2015 for a closing value of $14.5 million. Upon completion of the merger, shareholders of Salix Pharmaceuticals will receive $158.00 per share in cash.

March 11, 2015: Endo Pharmaceuticals (ENDPproposed a stock-and-cash offer for Salix Pharmaceuticals (SLXP) valued at $175 a share. Following this offer, Valeant Pharmaceuticals International (VRXplans to raise its bid for Salix Pharmaceuticals close to $170 per share.