FACTBOX-Spreads of U.S. mergers and acquisitions

NEW YORK, Feb 12 (Reuters) - The following list shows the arbitrage spread for
proposed mergers and acquisitions of U.S. companies.

Historically, the wider the spread, the more investors doubt a deal will close.

Arbitrage spreads measure the difference between the offered takeover price and the
target company's current trading price.

For real-time spreads, go to <US/ARB/MENU>
ACQUIRER TARGET RIC DEAL VALUE* PRICE/SHARE SPREAD %
Pfizer Inc Wyeth WYE.N 66,825.00 47.62 9.67
Roche Holding Genentech DNA.N 36,451.76 86.50 4.22
Dow Chemical Rohm and Haas ROH.N 15,225.62 78.00 38.05
NRG Energy Calpine Corp CPN.N 10,916.43 13.40 63.26
Exelon Corp NRG Energy NRG.N 6,237.66 28.04 11.70
CenturyTel Embarq Corp EQ.N 5,744.34 38.02 3.20
Consortium Post Properties PPS.N 2,054.24 47.00 291.01
CF Industries Terra Industries TRA.N 1,913.93 23.14 -2.22
Abbott Labs Advanced Medical EYE.N 1,356.81 22.00 .55
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Oswald Blackwood)
(For more M&A news and our DealZone blog, go to
here)