Tag Archives: Merger
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
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.