Merger activity increased last week with six new deals announced and one closing.
You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.
Deal Statistics:
| Total Number of Deals Closed in 2012 | 35 |
| Total Number of Pending Deals | |
| Cash Deals | 32 |
| Stock Deals | 11 |
| Stock & Cash Deals | 7 |
| Total Number of Pending Deals | 50 |
| Total Deal Size | $353.15 billion |
New Deals:
- The acquisition of Zoll Medical Corporation (ZOLL) by Japan's Asahi Kasei Corp for $2.21 billion or $93 per share in cash.
- The acquisition of Pacific Capital Bancorp (PCBC) by UnionBanCal for $1.51 billion or $46 per share in cash.
- The acquisition of Midas (MDS) by TBC Corporation for $310 million or $11.50 per share in cash.
- The acquisition of North Central Bancshares (FFFD) by Great Western Bancorporation for $41.5 million or $30.58 per share in cash.
- The acquisition of Great Wolf Resorts (WOLF) by an affiliate of Apollo Global Management for $703 million or $5 per share in cash.
- The acquisition of RADvision (RVSN) by Avaya for $230 million or $11.85 per share in cash.
Closed Deals:
Top 10 deals with largest spreads:
| Symbol | Announced Date | Acquiring Company | Closing Price | Last Price | Closing Date | Profit | Annualized Profit |
|---|---|---|---|---|---|---|---|
| VQ | 01/16/2012 | Denver Parent Corporation (N/A) | $12.50 | $11.12 | 06/30/2012 | 12.41% | 43.98% |
| CADC | 10/24/2011 | Novel Gain Holdings Limited (N/A) | $2.65 | $2.42 | 03/31/2012 | 9.50% | 289.08% |
| BXG | 11/14/2011 | BFC Financial Corporation (BFCF.PK) | $3.84 | $3.53 | 06/30/2012 | 8.78% | 31.12% |
| CMFB | 12/20/2011 | Sandy Spring Bancorp Inc. (SASR) | $14.99 | $14.00 | 06/30/2012 | 7.09% | 25.11% |
| INCB | 01/25/2012 | Old National Bancorp Capital (ONB) | $24.55 | $22.99 | 06/30/2012 | 6.78% | 24.02% |
| EP | 10/16/2011 | Kinder Morgan, Inc. (KMI) | $31.04 | $29.10 | 06/30/2012 | 6.66% | 23.61% |
| VIST | 01/26/2012 | Tompkins Financial Corporation (TMP) | $12.69 | $11.95 | 09/30/2012 | 6.21% | 11.63% |
| TAM | 01/19/2011 | LAN Airlines S.A. (LFL) | $26.05 | $24.71 | 06/30/2012 | 5.41% | 19.16% |
| CTBC | 10/26/2011 | Berkshire Hills Bancorp, Inc. (BHLB) | $8.63 | $8.20 | 04/30/2012 | 5.29% | 45.94% |
| HGIC | 09/29/2011 | Nationwide Mutual Insurance Co (N/A) | $60.00 | $57.54 | 06/30/2012 | 4.28% | 15.15% |
List of all pending deals:
| Symbol | Announced Date | Acquiring Company | Deal Type | Closing Value | Closing Price | Last Price | Volume | Closing Date | Profit | Annu. Profit | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| + | VQ | 01/16/2012 | Denver Parent Corporation (N/A) | All Cash | $1.5 billion | $12.50 | $11.12 | 316,939 | 06/30/2012 | 12.41% | 43.98% |
| + | CADC | 10/24/2011 | Novel Gain Holdings Limited (N/A) | All Cash | N/A | $2.65 | $2.42 | 32,150 | 03/31/2012 | 9.50% | 289.08% |
| + | BXG | 11/14/2011 | BFC Financial Corporation (BFCF.PK) | All Stock | N/A | $3.84 | $3.53 | 38,432 | 06/30/2012 | 8.78% | 31.12% |
| + | CMFB | 12/20/2011 | Sandy Spring Bancorp Inc. | All Stock | $25.4 million | $14.99 | $14.00 | 1,000 | 06/30/2012 | 7.09% | 25.11% |
| + | INCB | 01/25/2012 | Old National Bancorp Capital | All Stock | $79.2 million | $24.55 | $22.99 | 17,747 | 06/30/2012 | 6.78% | 24.02% |
| + | EP | 10/16/2011 | Kinder Morgan, Inc. | Cash Plus Stock | $21 billion | $31.04 | $29.10 | 14,531,393 | 06/30/2012 | 6.66% | 23.61% |
| + | VIST | 01/26/2012 | Tompkins Financial Corporation | All Stock | 86 million | $12.69 | $11.95 | 7,263 | 09/30/2012 | 6.21% | 11.63% |
| + | TAM | 01/19/2011 | LAN Airlines S.A. | All Stock | N/A | $26.05 | $24.71 | 511,834 | 06/30/2012 | 5.41% | 19.16% |
| + | CTBC | 10/26/2011 | Berkshire Hills Bancorp, Inc. | All Stock | $30 million | $8.63 | $8.20 | N/A | 04/30/2012 | 5.29% | 45.94% |
| + | HGIC | 09/29/2011 | Nationwide Mutual Insurance Co (N/A) | All Cash | $760 million | $60.00 | $57.54 | 92,982 | 06/30/2012 | 4.28% | 15.15% |
| + | MHS | 07/21/2011 | Express Scripts, Inc. (ESRX) | Cash Plus Stock | $29.1 billion | $72.82 | $70.29 | 4,670,399 | 06/30/2012 | 3.59% | 12.73% |
| + | PGN | 01/10/2011 | Duke Energy Corporation (DUK) | All Stock | $13.7 billion | $55.05 | $53.60 | 1,800,948 | 03/31/2012 | 2.70% | 82.02% |
| + | GRRF | 01/12/2012 | Talenthome Management Limited (N/A) | All Cash | $71.45 milion | $3.15 | $3.07 | 82,664 | 06/30/2012 | 2.61% | 9.23% |
| + | CNVO | 01/17/2012 | Blackbaud (BLKB) | All Cash | $275 million | $16.00 | $15.66 | 190,813 | 03/31/2012 | 2.17% | 66.04% |
| + | LOOP | 04/27/2011 | CoStar Group (CSGP) | Cash Plus Stock | $860 million | $18.98 | $18.63 | 368,316 | 04/30/2012 | 1.89% | 16.46% |
| + | MMI | 08/15/2011 | Google (GOOG) | All Cash | $12.5 billion | $40.00 | $39.32 | 18,817,932 | 03/31/2012 | 1.73% | 52.60% |
| + | SURW | 02/06/2012 | Consolidated Communications Holdings, Inc. (CNSL) | All Cash | $340.9 million | $23.00 | $22.66 | 167,112 | 06/30/2012 | 1.50% | 5.32% |
| + | FFFD | 03/13/2012 | Great Western Bancorporation, Inc. (N/A) | All Cash | $41.5 million | $30.58 | $30.15 | 5,100 | 08/31/2012 | 1.43% | 3.15% |
| + | PCBC | 03/12/2012 | UnionBanCal Corp. (N/A) | All Cash | $1.51 billion | $46.00 | $45.40 | 93,352 | 12/31/2012 | 1.32% | 1.68% |
| + | RVSN | 03/15/2012 | Avaya (N/A) | All Cash | $230 million | $11.85 | $11.70 | 1,200,769 | 12/31/2069 | 1.28% | 0.02% |
| + | EBTX | 03/06/2012 | Cadence Bancorp (N/A) | All Cash | $250 million | $20.62 | $20.36 | 74,932 | 12/31/2012 | 1.28% | 1.62% |
| + | GR | 09/21/2011 | United Technologies Corp. (UTX) | All Cash | $18.4 billion | $127.50 | $125.97 | 2,112,266 | 06/30/2012 | 1.21% | 4.30% |
| + | SOA | 01/27/2012 | Eastman Chemical Company (EMN) | Cash Plus Stock | $4.7 billion | $28.24 | $27.96 | 3,127,004 | 06/30/2012 | 1.01% | 3.59% |
| + | TRCR | 03/07/2012 | Nuance Communications (NUAN) | All Cash | $300 million | $29.50 | $29.26 | 99,997 | 09/30/2012 | 0.82% | 1.54% |
| + | AEA | 02/15/2012 | Grupo Elektra (N/A) | All Cash | $780 million | $10.50 | $10.42 | 1,012,329 | 06/30/2012 | 0.77% | 2.72% |
| + | SRLS | 02/13/2012 | Linden Capital Partners (N/A) | All Cash | $82 million | $4.00 | $3.97 | 66,503 | 06/30/2012 | 0.76% | 2.68% |
| + | NVLS | 12/14/2011 | Lam Research Corp (LRCX) | All Stock | $3.3 billion | $48.69 | $48.35 | 1,151,833 | 06/30/2012 | 0.70% | 2.49% |
| + | RRR | 12/16/2011 | United Rentals, Inc. (URI) | Cash Plus Stock | $1.9 billion | $22.65 | $22.52 | 624,750 | 06/30/2012 | 0.58% | 2.05% |
| + | CRIC | 12/28/2011 | E-House (China) Holdings (EJ) | Cash Plus Stock | $603 million | $5.61 | $5.58 | 31,077 | 06/30/2012 | 0.50% | 1.78% |
| + | ARCL | 03/05/2012 | PLATO Learning (N/A) | All Cash | $291 million | $11.10 | $11.05 | 138,951 | 06/30/2012 | 0.45% | 1.60% |
| + | BLD | 12/23/2011 | Forsyth Baldwin, LLC (N/A) | All Cash | $27.3 million | $0.96 | $0.956 | 47,675 | 06/30/2012 | 0.42% | 1.48% |
| + | CRYP | 02/02/2012 | Amaya Gaming Group (N/A) | All Cash | $35.82 million | $2.54 | $2.53 | 32,381 | 04/30/2012 | 0.40% | 3.43% |
| + | MDS | 03/13/2012 | TBC Corporation (N/A) | All Cash | $310 million | $11.50 | $11.46 | 152,103 | 06/30/2012 | 0.35% | 1.24% |
| + | ZOLL]] | 03/12/2012 | Asahi Kasei Corp (N/A) | All Cash | $2.21 billion | $93.00 | $92.70 | 679,912 | 06/30/2012 | 0.32% | 1.15% |
| + | ATSC | 02/21/2012 | Salient Federal Solutions, Inc. (N/A) | All Cash | N/A | $3.20 | $3.19 | 6,480 | 06/30/2012 | 0.31% | 1.11% |
| + | WCAA | 12/21/2011 | Macquarie Infrastructure Partners II (N/A) | All Cash | $526 million | $6.50 | $6.48 | 60,659 | 03/31/2012 | 0.31% | 9.39% |
| + | CSA | 12/27/2011 | Ventas, Inc. (VTR) | All Cash | $700 million | $4.25 | $4.24 | 374,783 | 06/30/2012 | 0.24% | 0.84% |
| + | CV | 07/12/2011 | Gaz metro Limited Partnership (N/A) | All Cash | $702 million | $35.25 | $35.18 | 72,958 | 06/30/2012 | 0.20% | 0.71% |
| + | TLEO | 02/09/2012 | Oracle Corporation (ORCL) | All Cash | $1.9 billion | $46.00 | $45.92 | 1,350,681 | 06/30/2012 | 0.17% | 0.62% |
| + | CHUX | 02/06/2012 | Fidelity National Financial, Inc. (FNF) | All Cash | $221 million | $9.85 | $9.84 | 399,898 | 06/30/2012 | 0.10% | 0.36% |
| + | DFG | 12/21/2011 | Tokio Marine Holdings (N/A) | All Cash | $2.7 billion | $44.80 | $44.76 | 594,369 | 06/30/2012 | 0.09% | 0.32% |
| + | PBY | 01/30/2012 | The Gores Group (N/A) | All Cash | $1 billion | $15.00 | $14.99 | 1,388,127 | 06/30/2012 | 0.07% | 0.24% |
| + | NST | 10/18/2010 | Northeast Utilities (NU) | All Stock | $4.17 billion | $47.80 | $47.77 | 511,205 | 03/31/2012 | 0.05% | 1.67% |
| + | TNB | 01/30/2012 | ABB Ltd (ABB) | All Cash | $3.9 billion | $72.00 | $72.01 | 355,769 | 06/30/2012 | -0.01% | -0.05% |
| + | SUG | 06/16/2011 | Energy Transfer Equity (ETE) | All Stock | $9.4 billion | $43.96 | $43.99 | 4,146,696 | 03/31/2012 | -0.07% | -2.07% |
| + | MFN | 01/23/2012 | Pan American Silver Corp. (PAAS) | Cash Plus Stock | $1.5 billion | $13.55 | $13.60 | 7,677,234 | 03/31/2012 | -0.37% | -11.29% |
| + | CHG | 02/21/2012 | Fortis Inc. (N/A) | All Cash | $1.5 billion | $65.00 | $66.44 | 93,680 | 03/31/2013 | -2.17% | -2.10% |
| + | PARL | 12/23/2011 | Perfumania Holdings, Inc. (PERF) | All Stock | $170 million | $5.32 | $5.60 | 528,759 | 06/30/2012 | -4.95% | -17.55% |
| + | QSFT | 03/09/2012 | Insight Venture Partners (N/A) | All Cash | $2 billion | $23.00 | $24.50 | 1,857,845 | 09/30/2012 | -6.12% | -11.46% |
| + | WOLF | 03/13/2012 | An affiliate of Apollo Global Management, LLC (N/A) | All Cash | $703 million | $5.00 | $5.38 | 442,274 | 06/30/2012 | -7.06% | -25.03% |
Disclosure: See author's portfolio holdings here
