Merger Arbitrage Mondays: October 3, 2011
By Asif Suria: Merger activity decreased last week with one new deal 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.
Total Number of Deals Closed in 2011 154
Total Number of Deals Not Completed in 2011 2
Total Number of Pending Deals
Cash Deals 34
Stock Deals 22
Stock & Cash Deals 8
Total Number of Pending Deals 64
- The acquisition of Harleysville Group (HGIC) by Nationwide Mutual Insurance for $760 million or $60.00 per share in cash.
- On September 27, 2011, Renaissance Learning (RLRN) agreed to be bought by Permira Funds for about $455 million or $15.50 per share in cash after the private equity firm sweetened its offer to match a rival takeover bid from Plato Learning.