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Rumor News

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Merger Arbitrage

Company Ticker Acquirer Announced Date Deal Price Current Price Spread Expected Close
Atlas Pipeline Partners, L.P. APL Targa Resources Partners 10/13/2014 $38.50 $37.17 3.6% 3/31/2015
Athlon Energy ATHL Encana 9/29/2014 $58.50 $58.12 0.7% 12/31/2014
Atlas Energy, L.P. ATLS Targa Resources 10/13/2014 $31.91 $40.06 -20.3% 3/31/2015
Auxilium AUXL Endo Intl 10/9/2014 $31.62 $30.59 3.4% 6/30/2015
CareFusion CFN Becton Dickinson 10/5/2014 $58.53 $56.47 3.6% 6/30/2015
Cleco Corp. CNL Investor Group 10/20/2014 $55.37 $53.24 4% 12/31/2015
Durata Therapeutics DRTX Actavis 10/6/2014 $23.00 $23.68 -2.9% 1/31/2015
Gentiva Health GTIV Kindred Healthcare 10/9/2014 $19.71 $19.39 1.6% 3/31/2015
Move, Inc. MOVE News Corp 9/30/2014 $21.00 $20.87 0.6% 12/31/2014
Penford Corp PENX Ingredion 10/15/2014 $19.00 $18.64 1.9% 12/31/2014


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