November 27th Merger Arbitrage Activity

 |  Includes: BOBJ, CCC, GAP, HUM, KMA, PTMK, SAP, SQA
by: Merger Arbitrage Investing

No new mergers or LBOs were announced yesterday, but several pending mergers received approvals from various regulatory bodies.

The FTC approved A&P's (GAP) planned buyout of Pathmark (PTMK) with the condition that A&P sell six stores on Long Island and Staten Island. A&P agreed to the conditions.

SAP (NYSE:SAP) received approval from competition regulators in the EU to purchase Business Objects (BOBJ).

The South Carolina Department of Insurance approved Humana's (NYSE:HUM) acquisition of KMG America (KMA). The press release announcing this approval also stated that the deal is expected to close on November 30.

An announcement was made that Carlyle's (NYSE:CCC) purchase of Sequa (SQA) is expected to close on Friday as well.