CNP - Merger Arbitrage Mondays - January 21 2018
Merger activity increased last week with four new deals announced and three pending deals closing.
Deal Statistics:
New Deals:
- The acquisition of Goldcorp (GG) by Newmont Mining Corporation (NEM) for $10 billion in an all-stock deal. Under the terms of the agreement, Newmont will acquire each Goldcorp share for 0.3280 of a Newmont share and $0.02 for each Goldcorp share. We are tracking this as a cash plus stock deal in our Merger Arbitrage Tool ((MAT)) to calculate the spread accurately on account of the $0.02 cash portion of the deal.
- The acquisition of Entegra