Merger activity increased last week with four new deals announced and five pending deals closing.
|Total Number of Deals Closed in 2019||58|
|Total Number of Deals Not Completed in 2019||2|
|Total Number of Pending Deals|
|Stock & Cash Deals||11|
|Total Number of Pending Deals||63|
|Total Deal Size||$771.99 billion|
Top 10 deals with largest spreads:
|Symbol||Announced Date||Acquiring Company||Closing Price||Last Price||Closing Date||Profit||Annualized Profit|
|INUV||11/05/2018||ConversionPoint Technologies, Inc. (N/A)||$2.22||$1.24||06/30/2019||79.03%||320.52%|
|GNW||10/23/2016||China Oceanwide Holdings Group Co., Ltd. (N/A)||$5.43||$3.83||04/30/2019||41.78%||525.79%|
|S||04/29/2018||T-Mobile US, Inc. (TMUS)||$7.09||$5.65||06/30/2019||25.43%||103.14%|
|LKSD||10/31/2018||Quad/Graphics, Inc. (QUAD)||$7.44||$6.53||06/30/2019||13.90%||56.36%|
|STC||03/19/2018||Fidelity National Financial, Inc. (FNF)||$48.48||$42.69||06/30/2019||13.57%||55.04%|
|WCG||03/27/2019||Centene Corporation (CNC)||$299.48||$269.75||06/30/2020||11.02%||8.82%|
|PACB||11/01/2018||Illumina, Inc. (ILMN)||$8.00||$7.23||06/30/2019||10.65%||43.19%|
|BXG||03/04/2019||BBX Capital Corporation (BBX)||$16.00||$14.86||05/15/2019||7.67%||63.64%|
|MXWL||02/04/2019||Tesla, Inc. (TSLA)||$4.75||$4.47||06/30/2019||6.26%||25.40%|
|MLNX||03/11/2019||NVIDIA Corporation (NVDA)||$125.00||$118.36||12/31/2019||5.61%||7.47%|
This article was written by
I am an entrepreneur and investor with a focus on event driven strategies including merger arbitrage, spinoffs, (legal) insider trading, buybacks and SPACs. I was one of the earliest contributors on Seeking Alpha and started publishing here in 2005. For more than a decade I have been writing every week about M&A and interesting insider transactions. My work has been mentioned in Barron's, Dow Jones, BNN Bloomberg and other publications.
I have been an active investor for more than two decades and my background in technology has helped me built tools that inform my investing process, especially as it relates to event-driven strategies that require updated data and processes. The focus on my Inside Arbitrage service is to provide investors with the right combination of tools and analysis to help them take advantage of strategies that can perform well across market cycles.
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