BFYT - Merger Arbitrage Mondays - Forescout And Advent Settle Their Differences
Merger activity increased last week with three new deals announced and one deal closing.
The biggest highlight for last week was the acquisition of Maxim Integrated Products (MXIM) by Analog Devices (ADI) in an all-stock deal for $21 billion, which is the largest deal so far this year.
There were two amendments announced last week. While Forescout Technologies (FSCT) and Advent International agreed to amend their merger agreement by reducing the deal price, Thermo Fisher Scientific (TMO) and QIAGEN (QGEN) amended their agreement by increasing the original offer price.
The original deal for Forescout Technologies