Tag Archives: Merger

Inuvo (INUV) – Merger Arbitrage – 80% Upside

Current Price – $1.25

Acquisition Price – $2.22

Upside – 78%

Expiration Date – Q1 2019

iPass (IPAS) – Merger Arbitrage – 12% Upside

Current Price – $2.00

Acquisition Price – $2.38

Upside – 21% (less 9% borrow fees)

Expiration Date – Q1 2019

Newfoundland Capital Corp (NCC-A.TO) – Merger Arbitrage – 8% Upside

Current Price – C$13.65

Merger Consideration – C$14.75

Upside – 8%

Expiration Date – expected by Q4 2018

Dr. Pepper Snapple (DPS) – Merger Arbitrage – 8% Upside

Current Price – $119

Merger Consideration – $103.75 + KDP Stub

Upside – 8%

Expiration Date – Jul 2018

Ladbrokes Coral (LCL) – Free CVR – 25% upside

Current Price – £1.7

Merger Consideration – £1.68+CVR

Upside – CVR worth up to £0.428

Expiration Date – End of March or early April

magicJack VocalTec (CALL) – Merger Arbitrage – 5% upside

Current Price – $8.3

Buyout Price – $8.71

Upside – 5%

Expiration Date – H1 2018

Exactech (EXAC) – M&A Bidding War – 10%+ upside

Current Price – $50.55

Buyout Price – $55+ (if higher bid appears)

Upside – TBD (expected at least 10%)

Expiration Date – Q1 2018

PennTex Midstream (PTXP) – Acquisition Target – 50% upside

Current Price – $15

Expected Buyout – $23

Upside – 50%

Expiration Date – TBD (expected in H1 2017)

Penntex Midstream is likely to be fully acquired by ETP, which already owns 65% of the company. This is similar to OCI/OCIP transaction that was posted on the site earlier as well as a number of other consolidations in the MLP space (TRP/CPPL, TLLP/QEPM) whereby general partner which owns majority of MLP buys out the remaining limited partner units.