FACTBOX-Spreads of U.S. mergers and acquisitions

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April 30 (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 46.23 8.52
Merck & Co Schering Plough SGP.N 38,609.15 24.28 6.83
NRG Energy Calpine Corp CPN.N 10,916.43 9.17 13.54
Thoratec Corp HeartWare Intl HTWR.OQ 9,392.76 32.40 26.25
Oracle Corp Sun Microsys JAVA.OQ 7,084.51 9.50 3.83
Exelon Corp NRG Energy NRG.N 6,237.66 22.28 29.69
CenturyTel Embarq Corp EQ.N 5,744.34 36.92 1.80
Pepsico Inc Pepsi Bottling PBG.N 4,218.35 29.03 -9.29
Agrium Inc CF Industries CF.N 3,652.31 77.28 6.80
Fidelity Nat Metavante Tech MV.N 2,943.87 24.77 2.24
Consortium Post Properties PPS.N 2,054.24 47.00 256.60
CF Industries Terra Industries TRA.N 2,051.31 32.84 25.12
Validus Hldg IPC Holdings IPCR.OQ 1,677.41 28.19 9.18
Pepsico Inc PepsiAmericas PAS.N 1,664.52 22.89 -8.58
Pulte Homes Centex Corp CTX.N 1,341.58 11.56 1.79
Magellan Mid Ptr Magellan Mid Hld MGG.N 1,147.91 22.04 4.82
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Oswald Blackwood; Editing by Brian Moss)
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