D - Merger Arbitrage Mondays - November 26 2018
Merger activity decreased last week with one new deal announced and one pending deal closing.
Deal Statistics:
New Deals:
- The acquisition of Resolute Energy Corporation (REN) by Cimarex (XEC) for $1.6 billion in a cash plus stock deal. Under the terms of the definitive merger agreement, Resolute shareholders will have the right to receive 0.3943 shares of Cimarex common stock, $35 per share in cash, or a combination of $14 per share in cash and 0.2366 share of common stock. The amount of stock and cash is subject to proration for total stock and cash