I bit on all three small arbitrage opportunities today and added them to my real money portfolio.  ROI’s from between 3.3% to 8.7% based on today’s stock prices.  My goal is to net 5% ROI combined and be out of the position within 3-4 months (for about a 20% annualized return).  To see my entry points on these deals, and all of my current and past holdings, go here.

BPW Acquisition Corp. (BPW) by The Talbots, Inc (TLB).

“BPW common shares will be exchanged for the equivalent of $11.25 per BPW share in Talbots` common shares within a floating exchange ratio range of between 0.9000 - 1.3235 Talbots shares per BPW share, based on the trading prices of Talbots common stock prior to the BPW stockholders meeting.”

Source: http://www.reuters.com/fin…

Encore Acquisition Company (EAC) by Denbury Resources Inc (DNR).

“Encore stockholders will receive USD50.00 per share for each share of Encore common stock, comprised of USD15.00 in cash and USD35.00 in Denbury common stock, subject to both an election feature and a collar mechanism on the stock portion of the consideration”

Source: http://www.encoreacq.com/releasedetail.cfm?ReleaseID=420627

IMS Health, Inc. (RX) by Healthcare Technology Holdings, Inc., an entity created by certain affiliates of TPG Capital, L.P. and the Canada Pension Plan Investment Board.

“IMS shareholders will receive $22.00 cash for each share of IMS common stock they own”

Sources:

http://www.imshealth.com/port…

http://www.businesswire.com/portal/si…

Disclosure: I own shares in BPW, EAC, and RX.