arbitrage spreads
Oracle darf Sun übernehmen
Thursday, January 21st, 2010Die Europäische Kommission genehmigte den Zusammenschluss am Donnerstag ohne Auflagen. Es drohe keine Einschränkung des Wettbewerbs im Europäischen Wirtschaftsraum.
Arbitrage Spreads On Pending Mergers & Acquisitions
Thursday, January 7th, 20103Com Corp. (COMS), Hewlett-Packard Co. (HPQ) Premium offered: $0.36 or 4.77% Acquirer: HPQ Target: COMS Offer per share: $7.90 cash Value of outstanding common equity: $3,098,143,000 Target share price: $7.54 Acquirer share price: $52.04 Expected closing: 1st Half 2010 4/1/2010 Annualized gain: 20.75% Note: Deal has been approved by the boards of both companies. The [...]
Arbitrage Spreads On Pending Mergers & Acquisitions
Wednesday, December 23rd, 2009Encore Acquisition Co. (EAC), Denbury Resources Inc. (DNR) Premium offered: $1.97 or 4.10% Acquirer: DNR Target: EAC Offer per share: $50.00 cash and stock Value of outstanding common equity: $2,777,000,000 Target share price: $48.03 Acquirer share price: $14.83 Expected closing: 1Q 2010 2/14/2010 Annualized gain: 27.98% Note: Each Encore holder is entitled to $15 in [...]
Exxon Mobil uebernimmt Erdgasfoerderer XTO Energy fuer 31 Mrd USD
Monday, December 14th, 2009The agreement, which is subject to XTO stockholder approval and regulatory clearance, will “enhance Exxon Mobil’s position in the development of unconventional natural gas and oil resources,” Exxon Mobil said. Exxon Mobil has agreed to issue 0.7098 common shares for each common share of XTO. The deal represents a 25% premium to XTO stockholders. The [...]
Arbitrage Spreads On Pending Mergers & Acquisitions
Monday, December 7th, 2009Harleysville National Corp. (HNBC), First Niagara Fincl Grp. (FNFG) Premium offered: $0.25 or 4.17% Acquirer: FNFG Target: HNBC Shares offered per HNBC share: 0.474 shares Value of offer per share: $6.32 Value of outstanding common equity: $272,591,428 FNFG share price: $13.34 HNBC share price: $6.07 Expected closing: 2/14/2010 Annualized gain: 21.90% Note: First Niagara said [...]
Currency Carry Trade
Monday, December 7th, 2009Der Currency Carry Trade ist eine Anlagestrategie des Devisenmarktes. Der Händler nimmt in einer Währung einen Kredit mit niedrigen Zinsen auf. Dieses Geld investiert er in einer Währung mit hohen Zinsen. Dazu muss man keinen Kredit bei der ausländischen Bank aufnehmen, sondern es reicht, die Währung mit dem niedrigeren Leitzins zu verkaufen und diejenige mit [...]
M&A Arbitrage Spreads
Wednesday, October 28th, 2009On2 Technologies Inc. (ONT), Google Inc. (GOOG) Premium offered: $0.01 or 1.62% Acquirer: GOOG Target: ONT Shares offered per share: 0.00109487 shares Value of offer per share: $0.60 Value of outstanding common equity: $105,306,468 GOOG share price: $548.01 ONT share price: $0.59 Expected closing: 4Q 2009 11/15/2009 Annualized gain: 33.45% Note: On2 shareholders file lawsuit [...]
M&A Arbitrage Spreads
Monday, October 26th, 2009On2 Technologies Inc. (ONT), Google Inc. (GOOG) Premium offered: $0.01 or 1.90% Acquirer: GOOG Target: ONT Offer per share: $0.60 stock Value of outstanding common equity: $105,306,000 Target share price: $0.59 Acquirer share price: $559.47 Expected closing: Fourth quarter 11/15/2009 Annualized gain: 34.71% Note: On2 shareholders file lawsuit against Google Aug. 10 claiming the deal’s [...]
Arbitrage Spreads On Pending Mergers & Acquisitions
Friday, October 23rd, 2009Parallel Petroleum Corp. (PLLL), Apollo Global Management, LLC (Private) Premium offered: $0.00 or 0.00% Acquirer: Apollo Target: PLLL Offer per share: $3.15 cash Value of outstanding common equity: $131,197,500 Target share price: $3.15 Acquirer share price: N/A Expected closing: N/A Annualized gain: N/A Note: Under the terms of the deal, Apollo Global will assume or [...]