BNTX - Merger Arbitrage Mondays - Spread On The Taubman Centers Acquisition Exceeds 40%
Merger activity continued to remain lackluster last week with no new deals announced and one deal closing.
This is the second time in a row no new deals were announced. FSB Bancorp (FSBC), Forescout Technologies (FSCT), IBERIABANK Corporation (IBKC), and The Stars Group (TSG) received approval from their shareholders for their respective merger agreements. KEMET Corporation (KEM) received approval from the Committee on Foreign Investment in the United States (CFIUS) in connection with its pending acquisition by Yageo Corporation.
We updated the exchange ratio for