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Rumor News

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Merger Arbitrage

Company Ticker Acquirer Announced Date Deal Price Current Price Spread Expected Close
Digital River DRIV Siris Capital Group 10/23/2014 $26.00 $17.38 49.6% 3/31/2015
BTU International BTUI Amtech Systems 10/22/2014 $3.34 $3.10 7.6% 3/31/2015
Cleco Corp. CNL Investor Group 10/20/2014 $55.37 $53.27 3.9% 12/31/2015
Penford Corp PENX Ingredion 10/15/2014 $19.00 $18.70 1.6% 12/31/2014
Atlas Energy, L.P. ATLS Targa Resources 10/13/2014 $31.95 $38.68 -17.4% 3/31/2015
Atlas Pipeline Partners, L.P. APL Targa Resources Partners 10/13/2014 $38.53 $36.54 5.4% 3/31/2015
Auxilium AUXL Endo Intl 10/9/2014 $32.40 $31.22 3.8% 6/30/2015
Gentiva Health GTIV Kindred Healthcare 10/9/2014 $19.81 $19.42 2% 3/31/2015
Durata Therapeutics DRTX Actavis 10/6/2014 $23.00 $24.02 -4.2% 1/31/2015
CareFusion CFN Becton Dickinson 10/5/2014 $58.71 $56.90 3.2% 6/30/2015


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