M&A Insider




Merger Arbitrage

Company Ticker Acquirer Announced Date Deal Price Current Price Spread Expected Close
Shire plc SHPGF AbbVie 7/18/2014 $90.35 $84.70 6.7% 12/31/2014
International Game Technology IGT GTECH S.p.A 7/16/2014 $18.25 $17.12 6.6% 6/30/2015
Lorillard LO Reynolds American 7/15/2014 $67.17 $60.76 10.5% 6/30/2015
ZipRealty ZIPR Realogy Holdings 7/15/2014 $6.75 $6.73 0.3% 9/30/2014
Rockwood Holdings ROC Albemarle 7/15/2014 $83.33 $82.44 1.1% 3/31/2015
URS Corporation URS AECOM Technology 7/14/2014 $58.73 $58.28 0.8% 10/31/2014
Kodiak Oil & Gas KOG Whiting Petroleum 7/13/2014 $15.86 $16.08 -1.4% 12/31/2014
Vitacost VITC Kroger 7/2/2014 $8.00 $7.99 0.1% 9/30/2014
Hillshire Brands HSH Tyson Foods 7/2/2014 $63.00 $62.80 0.3% 9/27/2014
QLT Inc. QLTI Auxilium Pharmaceuticals 6/26/2014 $6.23 $5.85 6.5% 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