NEW YORK, July 17 (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 stock price.
For real-time spreads, go to <US/ARB/MENU>
ACQUIRER TARGET DEAL VAL PRICE/SHARE SPREAD%
InBev NV Anheuser-Busch 49,915.2 70 4.56
Mars Inc Wm Wrigley 21,917.5 80 2.59
Consortium Clear Channel 17,900.0 36 2.13
Dow Chemical Rohm and Haas 15,287.2 78 5.99
HP Electronic Data S12,565.0 25 1.21
CME NYMEX 11,071.7 79.79 4.62
NRG Energy Calpine Corp 10,916.4 19.89 8.64
Cleveland-Cliffs Alpha NaturalInc 9,006.88 121.05 15.36
Republic Services Allied Waste 6,550.32 14.14 20.17
Invitrogen Corp Applied Biosystem6,381.65 36.3 6.93
Hexion Specialty Huntsman Corp 6,213.24 28 134.11
Waste Management Republic Services6,185.20 34 8.18
Liberty Mutual Safeco Corp 6,124.91 68.25 4.52
Triarc Co Wendys Intl 4,758.27 24.1 -0.79
Sirius XM 4,570.57 9.52 10.59
Iberdrola SA Energy East 4,202.70 33.36 30.97
Bunge Ltd Corn Products 4,162.20 56 20.2
Fresenius Kabi APP Pharma 3,686.31 23 -2.13
Reed Elsevier ChoicePoint 3,576.80 50 3.93
Consortium Puget Energy Inc 3,510.75 30 19
Finmeccanica DRS Tech 3,359.00 81 3.95
Delta Air Northwest Air 3,051.85 7.39 2.6
WebMD HLTH Corp 2,897.69 12.23 7.88
Smith Intl W-H Energy 2,894.29 93.69 0.81
United Tech Diebold Inc 2,631.77 40 10.65
Ashland Inc Hercules Inc 2,602.64 22.19 12.67
Nationwide Mutual Nationwide Fina 2,204.24 47.2 0.21
Consortium Post Properties 2,054.24 47 69.86
Electronic Arts Take-Two Interact1,932.61 26 3.79
Precision Drilling Grey Wolf Inc 1,788.40 10 8.93
Willis Group Hilb Rogal & Hobb1,673.94 46 7.23
Stone Energy Bois d'Arc Energy1,650.94 23.34 0.66
Cadence Design Mentor Graphics 1,453.85 16 1.78
Blackstone Group Apria Healthcare 1,281.57 21 9.15
Dubai Intl Och-Ziff Capital 1,258.62 33 102.21
Management Group CKX Inc 1,164.71 12 78.04
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Oswald Blackwood; Editing by Andre Grenon)
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