Stock Merger Arbitrage
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Created by MadMergers.com
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Date updated:02-11-2008

Highly liquid stock mergers

symbol name last price % change open
  • +
  • YHOO
    Yahoo Inc
  • $22.44
  • -0.18%
  • $23.43

Microsoft Corp. today announced that it has made a proposal to the Yahoo! Inc. Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion. Microsoft's proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock.

People owning YHOO also tend to own: CBSDISGOOGNWSTWXVIAAAPL

TheStreet.com Rating: C+ What is this?

  • +
  • CFC
    Cfc
  • $0.00
  • N/A
  • $N/A

Under the terms of the agreement, shareholders of Countrywide would receive .1822 of a share of Bank of America stock in exchange for each share of Countrywide.

People owning CFC also tend to own: ABKBBDDEFCXFREFWLTHES

TheStreet.com Rating: C What is this?

  • +
  • BEAS
    Beas
  • $0.00
  • N/A
  • $N/A

Oracle will acquire all outstanding shares of BEA for $19.375 per share in cash.

People owning BEAS also tend to own: AMGAMTBCRBEAVCERNCOGNDBD

TheStreet.com Rating: C What is this?

  • +
  • ADS
    Alliance Data Sys
  • $59.01
  • +13.48%
  • $54.17

Under the terms of the agreement, Blackstone will acquire all of the outstanding common stock of Alliance Data for $81.75 per share in cash.

People owning ADS also tend to own: RSTISSDAAPLGOOGPDSUNHAMR

TheStreet.com Rating: B- What is this?

  • +
  • XMSR
    Xm Satellite Radi
  • $8.44
  • -1.97%
  • $8.59

Under the terms of the agreement, XM shareholders will receive a fixed exchange ratio of 4.6 shares of SIRIUS common stock for each share of XM they own.

People owning XMSR also tend to own: APSGCYTRADZMHATVISTJAAPL

TheStreet.com Rating: D- What is this?

  • +
  • CCU
    Clear Channel Com
  • $35.15
  • -0.28%
  • $35.11

Under the terms of the merger agreement, as amended, Clear Channel shareholders will receive $39.20 in cash for each share they own.  This is an increase from the previous cash consideration of $39.00 per share.

People owning CCU also tend to own: AMXATBCECHLCVCDISHDT

TheStreet.com Rating: B- What is this?

  • +
  • TT
    Tt
  • $0.00
  • N/A
  • $N/A

Under the terms of the merger agreement, Ingersoll Rand will acquire all outstanding common stock of Trane. Holders of Trane’s approximately 200 million common shares will receive a combination of $36.50 in cash and 0.23 Ingersoll Rand shares of common stock per each Trane share.

People owning TT also tend to own: APHBCRBKCSCCSLGPCGR

TheStreet.com Rating: C+ What is this?

  • +
  • ATVI
    Atvi
  • $0.00
  • N/A
  • $N/A

Under the terms of the agreement, Vivendi Games will be merged with a wholly owned subsidiary of Activision. In the merger, shares of Vivendi Games will be converted into 295.3 million new shares of Activision common stock. Based on the transaction price of $27.50 per share of Activision common stock, this implies a value of approximately $8.1 billion for Vivendi Games. Concurrently with the merger, Vivendi will purchase 62.9 million newly issued shares of Activision common stock at a price of $27.50 per share - a premium of 31% to Activision's average closing price over the past 20 trading days - for a total of $1.7 billion in cash. As a result of these transactions, Vivendi will own an approximate 52% ownership stake in Activision Blizzard on a fully diluted basis. Within five business days after closing the transaction, Activision Blizzard will launch a $4 billion all-cash tender offer to purchase up to 146.5 million Activision Blizzard common shares at $27.50 per share. The tender offer will be funded by Activision Blizzard's cash on hand at closing, including the $1.7 billion in cash received from the Vivendi share purchase. In addition, Vivendi has agreed to acquire from Activision Blizzard additional newly issued shares for up to an additional $700 million of Activision common stock at $27.50 per share, the proceeds of which would also be used to fund the tender offer. Any remaining funds required to complete the tender offer will be borrowed by Activision Blizzard from Vivendi or third-party lenders. If the tender offer is fully subscribed, Vivendi will own an approximate 68% ownership stake in Activision Blizzard on a fully diluted basis.

People owning ATVI also tend to own: CCJCELGCRZODSXDVNEMCGDX

TheStreet.com Rating: B+ What is this?

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