JAG - Merger Arbitrage Mondays - Alexion's Acquisition Of Achillion Includes A Free Kicker
Merger activity increased last week with two new deal announced and one deal closing.
Deal Statistics:
New Deals:
- The acquisition of Jagged Peak Energy (JAG) by Parsley Energy (PE) for $2.27 billion in an all stock deal. Under the terms of the agreement, Jagged Peak shareholders will receive a fixed exchange ratio of 0.447 shares of Parsley Class A common stock for each share of Jagged Peak common stock they own.
- The acquisition of Achillion Pharmaceuticals (ACHN) by Alexion Pharmaceuticals (ALXN) for $930 million or $6.30 per