Merger Arbitrage Mondays: Jan. 23, 2012
By Asif Suria: Merger activity remained steady last week with two 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
7
Total Number of Pending Deals
Cash Deals
32
Stock Deals
13
Stock & Cash Deals
9
Total Number of Pending Deals
54
New Deals:
- The acquisition of Venoco (VQ) by the Denver Parent Corporation for $1.5 billion or $12.50 per share in cash.
- The acquisition of Convio (CNVO) by Blackbaud (BLKB) for $275 million or $16.00 per share in cash.
Closed Deals:
- The acquisition of Pharmasset by Gilead Sciences (GILD) on January 17, 2012.
Top 10 deals with largest spreads:
Symbol
Announced
Date
Acquiring
Company
Closing
Price
Last
Price
Closing
Date
Profit
Annualized
Profit
VTRO
10/17/2011
Inuvo, Inc. (INUV)
$1.58
$1.26
03/31/2012
25.15%
135.01%
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