M&A Insider




Merger Arbitrage

Company Ticker Acquirer Announced Date Deal Price Current Price Spread Expected Close
Warner Chilcott plc WCRX Actavis 5/20/2013 $20.51 $20.08 2.1% N/A
Telular WRLS Avista Capital 4/29/2013 $12.61 $12.64 -0.2% 7/14/2013
BMC BMC Bain Capital & Golden Gate Capital 5/6/2013 $46.25 $45.35 2% 12/31/2013
Conceptus CPTS Bayer HealthCare LLC 4/29/2013 $31.00 $30.97 0.1% 6/30/2013
AsiaInfo-Linkage ASIA CITIC Capital Holdings 5/13/2013 $12.00 $11.59 3.5% N/A
CFS Bancorp CITZ First Merchants 5/13/2013 $10.80 $10.54 2.4% 12/31/2013
Ebix EBIX Goldman Sachs 5/1/2013 $20.00 $19.84 0.8% 9/30/2013
Crestwood Midstream Partners LP CMLP Inergy 5/6/2013 $26.23 $25.48 2.9% 6/15/2013
True Religion Apparel TRLG TowerBrook Capital 5/10/2013 $32.00 $31.60 1.3% 9/30/2013
Websense WBSN Vista Equity Partners 5/20/2013 $24.75 $24.76 0% 9/30/2013


Highlighted Deal

On February 14, H.J. Heinz Co. (NYSE: HNZ) confirmed a deal to be acquired by Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) and 3G Capital for $72.50 per share in cash or $28 billion.

The per share price represents a 20% premium to Heinz’s closing share price of $60.48 on February 13, 2013, a 19% premium to Heinz’s all-time high share price, a 23% premium to the 90-day average Heinz share price and a... CONTINUE