Merger Arbitrage Mondays: April 23, 2012
By Asif Suria: Merger activity increased last week with five new deals announced and two 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 46
Total Number of Pending Deals
Cash Deals 39
Stock Deals 10
Stock & Cash Deals 7
Total Number of Pending Deals 56
Total Deal Size $365.16 billion
New Deals:
- The acquisition of Dreams (DRJ) by Fanatics for $183 million or $3.45 per share in cash. I recollect reading a compelling article about Dreams last December when the stock was trading around $2.63 that mentioned Dr. Phillip Frost as a board member and a large shareholder. Those of you who also follow our Insider Weekends series of posts will recollect that numerous insider purchases of Opko Health (OPK) and Ladenburg Thalmann (LTS) by Dr. Frost.
- The acquisition
- Original article
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