M&A Insider




Merger Arbitrage

Company Ticker Acquirer Announced Date Deal Price Current Price Spread Expected Close
Multiband MBND Goodman Networks 5/22/2013 $3.25 $3.20 1.6% 9/30/2013
Overhill Farms OFI Bellisio Foods 5/15/2013 $5.00 $4.95 1% 12/31/2013
CFS Bancorp CITZ First Merchants 5/13/2013 $10.73 $10.45 2.6% 12/31/2013
AsiaInfo-Linkage ASIA CITIC Capital Holdings 5/13/2013 $12.00 $11.50 4.3% N/A
Warner Chilcott plc WCRX Actavis 5/20/2013 $20.36 $19.96 2% N/A
Crestwood Midstream Partners LP CMLP Inergy 5/6/2013 $26.07 $25.70 1.4% 6/15/2013
Websense WBSN Vista Equity Partners 5/20/2013 $24.75 $24.80 -0.2% 9/30/2013
True Religion Apparel TRLG TowerBrook Capital 5/10/2013 $32.00 $31.76 0.8% 9/30/2013
rue21 RUE Apax Partners 5/23/2013 $42.00 $42.03 -0.1% 12/31/2013
BMC BMC Bain Capital & Golden Gate Capital 5/6/2013 $46.25 $45.55 1.5% 12/31/2013


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