NEW YORK, Jan 5 (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%
Roche Holding AG Genentech Inc DNA.N 37,505.28 89.00 7.75
Dow Chemical Co Rohm and Haas ROH.N 15,287.23 78.00 20.44
NRG Energy Inc Calpine Corp CPN.N 10,916.43 12.62 50.10
Altria Group Inc UST Inc UST.N 10,313.39 69.50 .06
Exelon Corp NRG Energy NRG.N 6,237.66 27.73 17.29
CenturyTel Inc Embarq Corp EQ.N 5,744.34 38.94 4.36
MidAmerican Energy Constellation EnerCEG.N 4,725.79 26.50 5.62
Consortium Puget Energy PSD.N 3,510.75 30.00 9.69
Johnson & Johnson Mentor Corp MNT.N 1,072.60 31.00 .13
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Oswald Blackwood)
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