M&A Insider




Merger Arbitrage

Company Ticker Acquirer Announced Date Deal Price Current Price Spread Expected Close
CapLease, Inc. LSE American Realty Capital Properties, Inc. 5/28/2013 $8.50 $8.56 -0.7% 9/30/2013
Omthera Pharmaceuticals OMTH AstraZeneca 5/28/2013 $12.70 $13.00 -2.3% 9/30/2013
Stewart Enterprises STEI Service Corporation 5/29/2013 $13.25 $13.08 1.3% 3/31/2014
StellarOne STEL Union First Market Bankshares 6/10/2013 $19.48 $19.31 0.9% 1/1/2014
NV Energy NVE Berkshire Hathaway 5/29/2013 $23.75 $23.58 0.7% 3/31/2014
Lender Processing Services, Inc. LPS Fidelity National Financial, Inc. 5/28/2013 $23.52 $32.28 -27.1% 12/31/2013
Smithfield Foods SFD Shuanghui International 5/30/2013 $34.00 $33.02 3% 12/31/2013
ExactTarget ET Salesforce.com 6/4/2013 $33.75 $33.65 0.3% 7/31/2013
Cooper Tire & Rubber CTB Apollo Tyres Ltd 6/12/2013 $35.00 $33.10 5.7% 12/31/2013
rue21 RUE Apax Partners 5/23/2013 $42.00 $41.72 0.7% 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