Merger Arbitrage Mondays: October 31, 2011
By Asif Suria: Merger activity increased last week with five new deals announced and three 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 172
Total Number of Deals Not Completed in 2011 4
Total Number of Pending Deals
Cash Deals 34
Stock Deals 16
Stock & Cash Deals 10
Total Number of Pending Deals 60
- The acquisition of Healthspring (HS) by Cigna (CI) for $3.8 billion or $55.00 per share in cash.
- The acquisition of RightNow (RNOW) by Oracle (ORCL) for $1.3 billion or $43.00 per share in cash.
- The acquisition of Adolor (ADLR) by Cubist Pharmaceuticals (CBST) for $190 million or $4.25 per share in cash. In addition to the upfront cash payment, each Adolor stockholder will receive one Contingent Payment Right (CPR), entitling the holder to