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