D - Merger Arbitrage In One Place (Part 3)
This is the third part in the list of M&A deals that I am currently follow. See intro to the new Special Situation series here.
Out of the transaction listed below my favorite is Sibanye/Lonmin with both shareholders and regulatory approvals expected to pass easily. 30% of shareholders in each company already voiced support for the transaction. Also due to South African government ownership local regulatory approvals should not be an issue.
Similarly, I would expect Apollo-Aspen deal to close easily as the private equity company has already carried out a number of transactions