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
ATLS 10/13/2014 Targa Resources Corp. (TRGP) Cash Plus Stock $1.9 billion $27.00 $9.07 914,303 03/31/2015 197.71% 2488.37%
Details of Atlas Energy, L.P:

Expected to close in the first quarter of 2015 for a closing value of $1.9 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Atlas Energy will receive $9.12 in cash and 0.1809 of a share of TRGP common stock.

UPI 12/22/2014 Vision-Sciences Inc. (VSCI) Stock N/A $1.77 $1.21 149,114 06/30/2015 46.22% 140.60%
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.

ODP 02/04/2015 Staples, Inc. (SPLS) Cash Plus Stock $6.3 billion $10.97 $9.46 4,119,666 12/31/2015 15.98% 19.19%
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.

EDS 12/02/2013 Pan Long Company Limited (N/A) Cash $60.1 million $1.78 $1.58 44,837 12/31/2014 12.66% 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. 
TWC 02/13/2014 Comcast Corporation (CMCSA) Stock $45.2 billion $172.13 $155.51 2,101,711 06/30/2015 10.69% 32.50%
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 $0.45 $0.41 87,525 06/30/2015 9.27% 28.21%
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. 

URZ 01/05/2015 Energy Fuels Inc. (UUUU) Stock $150 million $1.24 $1.14 197,056 06/30/2015 8.49% 25.81%
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.

BHI 11/16/2014 Halliburton Company (HAL) Cash Plus Stock N/A $67.15 $62.55 2,635,908 12/31/2015 7.35% 8.83%
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.

DTV 05/18/2014 AT&T, Inc. (T) Special Conditions $48.5 billion $95.00 $88.94 2,130,722 05/31/2015 6.81% 27.63%
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.

LO 07/15/2014 Reynolds American Inc. (RAI) Cash Plus Stock $27.4 billion $72.57 $68.49 1,332,536 06/30/2015 5.96% 18.13%
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.

LNBB 12/15/2014 Northwest Bancshares, Inc. (NWBI) Special Conditions $183.3 million $18.70 $17.75 20,179 06/30/2015 5.35% 16.28%
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.

SMPL 09/29/2014 HomeStreet, Inc. (HMST) Stock N/A $18.06 $17.16 N/A 03/31/2015 5.24% 66.01%
Details of Simplicity Bancorp, Inc.:

Expected to close in the first quarter of 2015 in an all stock deal. Under the terms of the agreement, Simplicity stockholders are expected to receive one share of HomeStreet common stock for each share owned of Simplicity common stock, subject to adjustment if HomeStreet’s closing stock price during a specified measurement period prior to closing is more than $20 or less than $15 per share.

HCBK 08/27/2012 M&T Bank Corporation (MTB) Stock $3.7 billion $10.32 $9.91 3,208,356 04/30/2015 4.10% 25.37%
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.

CYN 01/22/2015 Royal Bank of Canada (RY) Cash Plus Stock $5.4 billion $93.94 $90.26 190,828 12/31/2015 4.07% 4.89%
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.

OWW 02/12/2015 Expedia Inc. (EXPE) Cash $1.6 billion $12.00 $11.56 4,953,963 06/30/2015 3.81% 11.58%
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.

TLM 12/15/2014 Repsol S.A. (N/A) Cash $13 billion $8.00 $7.75 6,639,564 06/30/2015 3.23% 9.81%
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.

MIG 12/30/2014 Fosun International Limited (N/A) Cash $433 million $8.65 $8.39 164,044 12/31/2015 3.10% 3.72%
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.

VYFC 11/17/2014 BNC Bancorp (BNCN) Special Conditions $101.3 million $20.50 $19.90 5,257 06/30/2015 3.02% 9.17%
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. 

HE 12/03/2014 NextEra Energy, Inc. (NEE) Special Conditions $4.3 billion $33.50 $32.60 515,208 12/31/2015 2.76% 3.31%
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. 

HBOS 12/10/2014 Renasant Corp. (RNST) Stock $258 million $26.52 $25.82 11,224 09/30/2015 2.71% 4.66%
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.

HSP 02/05/2015 Pfizer Inc. (PFE) Cash $17 billion $90.00 $87.67 2,204,865 12/31/2015 2.66% 3.19%
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.

ENTR 02/03/2015 MaxLinear, Inc. (MXL) Cash Plus Stock $287 million $3.07 $3.00 976,062 06/30/2015 2.41% 7.32%
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. 

FSL 03/02/2015 NXP Semiconductors NV (NXPI) Cash Plus Stock $16.7 billion $41.31 $40.36 23,122,498 12/31/2015 2.34% 2.81%
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.

HBNK 11/04/2014 Berkshire Hills Bancorp Inc. (BHLB) Stock $109 million $21.95 $21.46 2,154 05/15/2015 2.29% 11.29%
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.

TEG 06/23/2014 Wisconsin Energy Corp. (WEC) Cash Plus Stock $9.1 billion $75.10 $73.49 452,627 06/30/2015 2.20% 6.68%
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.

PPO 02/23/2015 Asahi Kasei Corporation (AHKSY) Cash $3.2 billion $60.50 $59.26 1,573,960 09/30/2015 2.09% 3.60%
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.

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 $54.32 443,591 12/31/2015 1.93% 2.32%
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.

DRC 09/21/2014 Siemens (N/A) Cash $7.6 billion $83.00 $81.43 610,854 06/30/2015 1.93% 5.86%
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.

IGT 07/16/2014 GTECH S.p.A. (GTKYY) Special Conditions $6.4 billion $18.25 $17.92 3,518,049 06/30/2015 1.84% 5.60%
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.

SIBC 12/30/2014 First NBC Bank Holding Company (NBCB) Cash $49 million $21.25 $20.88 N/A 06/30/2015 1.77% 5.39%
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 $13.77 $13.53 1,028,011 06/30/2015 1.74% 5.29%
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.

XLS 02/06/2015 Harris Corporation (HRS) Cash Plus Stock $4.56 billion $24.70 $24.35 1,646,240 06/30/2015 1.43% 4.36%
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.

MWV 01/26/2015 Rock-Tenn Company (RKT) Stock $16 billion $53.70 $52.94 1,847,592 06/30/2015 1.43% 4.34%
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.

SIAL 09/22/2014 Merck KGaA (N/A) Cash $17 billion $140.00 $138.07 592,577 06/30/2015 1.40% 4.25%
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.

HVB 11/05/2014 Sterling Bancorp. (STL) Stock $539 million $26.57 $26.22 88,614 06/30/2015 1.35% 4.09%
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. 

ONFC 02/24/2015 Community Bank System Inc. (CBU) Stock $142 million $20.21 $19.95 85,677 07/31/2015 1.32% 3.18%
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.

AGN 11/16/2014 Actavis plc (ACT) Cash Plus Stock N/A $238.72 $235.80 1,852,739 06/30/2015 1.24% 3.77%
Details of Allergan Inc.:

This is a cash plus stock deal, subject to a number of closing conditions. Under the terms of the agreement, shareholders of Allergan will receive $129.22 in cash and 0.3683 of an ordinary share of Actavis.

TRW 09/15/2014 ZF Friedrichshafen AG ("ZF") (N/A) Cash $13.5 billion $105.60 $104.32 937,334 06/30/2015 1.23% 3.73%
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.

RIOM 02/09/2015 Tahoe Resources Inc. (TAHO) Cash Plus Stock $1.12 billion $3.09 $3.06 397,345 04/15/2015 0.85% 7.03%
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.

SLXP 02/22/2015 Valeant Pharmaceuticals International, Inc. (VRX) Cash $14.5 billion $158.00 $156.88 2,680,166 06/30/2015 0.71% 2.17%
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.

NBTF 08/04/2014 Peoples Bancorp Inc. (PEBO) Cash Plus Stock $109 million $29.97 $29.76 6,223 03/31/2015 0.69% 8.73%
Details of NB&T Financial Group Inc.:

Expected to close in the fourth quarter of 2014 or the first quarter of 2015 for a closing value of $109 million in a cash plus stock deal. Under the terms of the agreement, shareholders of NB&T Financial Group will receive 0.9319 shares of Peoples common stock and $7.75 in cash for each share of NBTF common stock.

PENX 10/15/2014 Ingredion Incorporated (INGR) Cash $340 million $19.00 $18.87 77,587 03/31/2015 0.69% 8.67%
Details of Penford Corporation:

Expected to close by the first quarter of 2015 for a closing value of $340 million. Upon completion of the merger, shareholders of Penford Corporation will receive $19.00 per share in cash.

CMSB 09/25/2014 Putnam County Savings Bank (N/A) Cash $25.4 million $13.25 $13.16 550 06/30/2015 0.68% 2.08%
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.

BKYF 09/08/2014 BB&T Corporation (BBT) Cash Plus Stock $363 million $48.28 $48.00 2,385 03/31/2015 0.59% 7.44%
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.

POM 04/30/2014 Exelon Corporation (EXC) Cash $7.2 billion $27.25 $27.10 1,722,665 09/30/2015 0.55% 0.95%
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.

CFN 10/05/2014 Becton, Dickinson and Company (BDX) Cash Plus Stock $12.2 billion $60.50 $60.20 2,011,126 06/30/2015 0.50% 1.53%
Details of CareFusion Corporation:

Expected to close in the first half of calendar year 2015 for a closing value of $12.2 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of CareFusion Corporation will receive $49.00 in cash and 0.0777 of a share of BD for each share of CareFusion.

ELX 02/25/2015 Avago Technologies Limited (AVGO) Cash $609 million $8.00 $7.96 2,388,185 11/01/2015 0.50% 0.75%
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.

RGP 01/26/2015 Energy Transfer Partners, L.P. (ETP) Cash Plus Stock $18 billion $24.11 $23.99 1,078,386 06/30/2015 0.48% 1.47%
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.

CODE 12/01/2014 Cypress Semiconductor Corporation (CY) Stock $4 billion $37.84 $37.66 1,602,878 06/30/2015 0.47% 1.44%
Details of Spansion Inc.:

Expected to close in the first half of 2015 for a closing value of $4 billion in an all stock deal. Under the terms of the agreement, shareholders of Spansion will receive 2.457 Cypress shares for each Spansion share they own.

WMGI 10/27/2014 Tornier N.V. (TRNX) Stock $1.72 billion $25.37 $25.27 917,768 06/30/2015 0.40% 1.21%
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.

ADVS 02/02/2015 SS&C Technologies Holdings, Inc. (SSNC) Cash $2.7 billion $44.25 $44.09 623,109 06/30/2015 0.36% 1.10%
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.

CHYR 11/17/2014 Vector Capital (N/A) Cash N/A $2.82 $2.81 8,875 03/31/2015 0.36% 4.48%
Details of ChyronHego Corp.:

Expected to close in the first quarter of 2015. Upon completion of the merger, shareholders of ChyronHego will receive $2.82 per share in cash.

EOPN 02/05/2015 Insight Venture Partners (N/A) Cash $273 million $8.60 $8.57 233,321 06/30/2015 0.35% 1.06%
Details of E2open, Inc.:

Expected to close before the end of the first quarter of E2open's fiscal year for a closing value of $273 million. Under the terms of the agreement, shareholders of E2open will receive $8.60 per share in cash. 

AVIV 10/31/2014 Omega Healthcare Investors Inc. (OHI) Stock $3 billion $36.49 $36.38 106,965 03/31/2015 0.29% 3.67%
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.

RVBD 12/15/2014 Thoma Bravo, LLC and Teachers’ Private Capital (N/A) Cash $3.6 billion $21.00 $20.94 4,706,540 06/30/2015 0.29% 0.87%
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.

VIAS 09/22/2014 TTM Technologies Inc. (TTMI) Cash Plus Stock $927 million $17.59 $17.54 4,899 06/30/2015 0.26% 0.78%
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.

SIMG 01/27/2015 Lattice Semiconductor Corporation (LSCC) Cash $600 million $7.30 $7.29 1,122,432 03/31/2015 0.14% 1.73%
Details of Silicon Image, Inc.:

Expected to close by the end of March 2015 for a closing value of $600 million. Upon completion of the merger, shareholders of Silicon Image will receive $7.30 per share in cash.

PTRY 12/18/2014 Alimentation Couche-Tard Inc. (N/A) Cash $1.7 billion $36.75 $36.72 248,818 06/30/2015 0.08% 0.25%
Details of The Pantry, Inc.:

Expected to close in the first half of 2015 for a closing value of $1.7 billion. Upon completion of the merger, shareholders of The Pantry will receive $36.75 per share in cash.

PETM 12/14/2014 a consortium led by BC Partners (N/A) Cash $8.7 billion $83.00 $82.94 1,027,727 06/30/2015 0.07% 0.22%
Details of PetSmart, Inc.:

Expected to close in the first half of 2015 for a closing value of $8.7 billion. Upon completion of the merger, shareholder of PetSmart will receive $83.00 per share in cash.

GFIG 07/30/2014 BGC Partners, Inc. (BGCP) Cash $778 million $6.10 $6.11 347,300 02/26/2015 -0.16% 14.93%
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.

PZG 12/17/2014 Coeur Mining, Inc. (CDE) Stock $146 million $1.20 $1.21 772,648 06/30/2015 -0.53% -1.62%
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%

PTP 11/24/2014 RenaissanceRe Holdings Ltd. (RNR) Special Conditions $1.9 billion $76.00 $76.52 1,770,951 06/30/2015 -0.68% -2.07%
Details of Platinum Underwriters Holdings Ltd.:

Expected to close in the first half of 2015 for a closing value of $1.9 billion. Under the terms of the agreement, shareholders of Platinum Underwriters Holdings will receive a $10.00 per share special pre-closing dividend with the remainder of the consideration, at their election, consisting of (i) $66.00 per Platinum share in cash, (ii) 0.6504 RenaissanceRe common shares per Platinum share, or (iii) a combination of $35.96 in cash and 0.2960 RenaissanceRe common shares per Platinum share, subject to proration.

APL 10/13/2014 Targa Resources Partners LP (NGLS) Cash Plus Stock $5.8 billion $26.21 $26.63 N/A 03/31/2015 -1.57% -19.82%
Details of Atlas Pipeline Partners, L.P.:

Expected to close in the first quarter of 2015 for a closing value of $7.7 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Atlas Pipeline Partners will receive a fixed ratio of 0.5846 units of Targa Resources Partners and $1.26 for each outstanding Atlas Pipeline common unit.

HLSS 02/22/2015 New Residential Investment Corp. (NRZ) Cash $1.3 billion $18.25 $18.57 2,261,918 06/30/2015 -1.72% -5.24%
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.

CACQ 12/22/2014 Caesars Entertainment Corporation (CZR) Stock N/A $7.32 $7.73 35,977 03/31/2015 -5.34% -67.20%
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.

FDO 07/28/2014 Dollar Tree, Inc. (DLTR) Special Conditions $9.2 billion $74.50 $78.79 756,903 03/31/2015 -5.44% -68.53%
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.

CRRC 02/05/2015 R.R. Donnelley & Sons Company (RRD) Cash $261 million $23.00 $24.33 120,185 06/30/2015 -5.47% -16.63%
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.

 

 

COBK 09/10/2014 Cape Bancorp, Inc. (CBNJ) Stock $55 million $12.60 $13.41 22,098 03/31/2015 -6.08% -76.49%
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.