GNW - Merger Arbitrage Mondays - October 29 2018
Merger activity decreased last week with five new deals announced and four pending deals closing. We saw one of the largest acquisitions in the software industry with IBM paying a huge premium to acquire Red Hat. We also saw yet another Master Limited Partnership ((MLP)) merge into its General Partner to simplify its corporate structure.
Deal Statistics:
New Deals:
- The acquisition of JetPay Corporation (JTPY) by NCR Corporation (NCR) for $184 million, or $5.05 per share, in cash.
- The acquisition of American Railcar Industries (ARII) by a wholly-owned subsidiary of ITE Rail Fund for $1.75