Merger Arbitrage Mondays: September 12, 2011
By Asif Suria: Merger activity increased last week with three 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 148
Total Number of Deals Not Completed in 2011 1
Total Number of Pending Deals
Cash Deals 33
Stock Deals 23
Stock & Cash Deals 10
Total Number of Pending Deals 66
- The acquisition of Temple Inland (TIN) by International Paper (IP) for $4.3 billion or $32.00 per share in cash. This offer replaces an earlier $30.60 per share offer by International Paper that was rejected by Temple Inland as being too low.
- The acquisition of Penn Millers Insurance Corporation (PMIC) by Ace Limited (ACE) for $20.50 per share in cash.
- The acquisition of Caliper Life Sciences (CALP) by PerkinElmer (PKI) for $600 million or