ESL - Merger Arbitrage Mondays - October 15 2018
Merger activity increased last week with eight new deals announced and four pending deals closing.
Deal Statistics:
New Deals:
- The acquisition of Rowan Companies (RDC) by Ensco (ESV) for $3.44 billion in an all stock deal. Under the terms of the transaction agreement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share.
- The acquisition of Navios Maritime Midstream Partners (NAP) by Navios Maritime Acquisition Corporation (NNA) for $270.33 million in an all stock deal. Under the terms of the Transaction, public unitholders of Navios Midstream may exchange each Navios Midstream common unit for