From news wire:
“Clothing retailer Talbots Inc. said Monday it has amended its secured revolving loan agreement with shareholder Aeon Co. to repay all of its outstanding third-party bank debt.”
“The amendment is part of a larger plan for Talbots to merge with holding company BPW Acquisition Corp.” - AP via Yahoo
“With this satisfaction of all of [...]
RX said the are holding a meeting Feb 8, 2010 for a shareholder vote on the proposed acquisition by Healthcare Technology Holdings, Inc.
Source: http://ir.imshealth.com/phoen…
For details on the deal, read my post here.
Disclosure: I own shares of RX.
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 [...]
Patriot Capital Funding Inc. (PCAP) is being bought by Prospect Capital Corp. (PSEC). Another all-stock deal. I’ll get 0.3992 shares of PSEC for each share of PCAP. It is supposed to close in October, so my money turn over on this one should be quick.
Crunch:
Buy 1 share of PCAP today (9/21/2009) for $3.89 and, when [...]
Harleysville National Corp. (HNBC) by First Niagara Financial Group (FNFG) all-stock deal. (I am not a big fan of all-stock deals). The exchange ratio is 0.474 FNFG shares for each HNBC share.
Current prices 9/21/2009: HNBC $5.63 and FNFG $13.02.
Crunch:
I buy one share of HNBC today for $5.63. The deal closes and I get 0.474 sh [...]
AT&T and CYCL both said recently that the merger deal will happen early Q4, 2009:
“… AT&T and Centennial Communications Corp. (NASDAQ: CYCL) announced today that, assuming timely satisfaction or waiver of all remaining closing conditions including receipt of the required regulatory approvals, they now anticipate the pending acquisition of Centennial by AT&T to be completed [...]
Deutsche Telekom is chasing Sprint. No deal annouced yet, and stock gapped up today. Currently it is up 10% on the news.
“Sources said Deutsche Telekom (DT) could submit a bid for Sprint, which has a market valuation of $10.6bn (£6.3bn), within the next few weeks.” - telegraph.co.uk article
Just hazzarding a guess, I would says DT [...]
Update (1)
Nice article on SeekingAlpha talks about how Agrium’s bid for CF affects CF’s bid for TRA (and vice versa):
Article points to the fact that the market is pricing a higher probablity of the Agrium-Cf deal getting done instead of the CF-TRA deal:
“In the interim, the market seems to be betting on an Agrium-CF combination,” [...]
Virgin Mobile USA (VM) being bought by Sprint Nextel (S). It is a stock deal with restrictions. Based on the terms (see snippet at bottom of this post), here’s how it would work out:
First, if your shares cost you $5.50 in the first place, to at least break even, S’s 10-day avg closing price ending [...]
Arbitrage opp. Proposed deal from AT&T (T) for Centennial Communications (CYCL) is $8.50/sh due to close by the end of 4Q 2009. There are some warning signs / risk, thus the gap.
More thoughts on this deal from DividendGrowthInvestor at Seeking Alpha.
Gap: ($8.50 - $7.46) / $7.46 = 13.9% ROI (33.4% annualized if it takes till [...]
