M&A Insider




Merger Arbitrage

Company Ticker Acquirer Announced Date Deal Price Current Price Spread Expected Close
Crestwood Midstream Partners LP CMLP Inergy 5/6/2013 $26.07 $25.37 2.8% 6/15/2013
Conceptus CPTS Bayer HealthCare LLC 4/29/2013 $31.00 $30.92 0.3% 6/30/2013
Telular WRLS Avista Capital 4/29/2013 $12.61 $12.65 -0.3% 7/14/2013
Ebix EBIX Goldman Sachs 5/1/2013 $20.00 $19.82 0.9% 9/30/2013
True Religion Apparel TRLG TowerBrook Capital 5/10/2013 $32.00 $31.61 1.2% 9/30/2013
PROLOR Biotech PBTH OPKO Health 4/24/2013 $7.12 $6.49 9.8% 12/31/2013
BMC BMC Bain Capital & Golden Gate Capital 5/6/2013 $46.25 $45.49 1.7% 12/31/2013
CFS Bancorp CITZ First Merchants 5/13/2013 $10.74 $10.46 2.7% 12/31/2013
AsiaInfo-Linkage ASIA CITIC Capital Holdings 5/13/2013 $12.00 $11.62 3.3% N/A
Buckeye Technologies BKI Georgia-Pacific 4/24/2013 $37.50 $37.50 0% N/A


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