NEW YORK, Sept 23 (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>
AQUIRER TARGET DEAL VALUE* PRICE/SHARE SPREAD%
InBev NV Anheuser-Busch 49,915.24 70.00 5.11
Bank of America Merrill Lynch 44,339.70 29.35 4.64
Roche Holding Genentech 37,505.28 89.00 -3.58
Mars Inc Wm Wrigley 21,917.51 80.00 1.27
Dow Chemical Rohm and Haas 15,287.23 78.00 6.70
NRG Energy Calpine Corp 10,916.43 15.18 12.04
Altria Group UST Inc 10,256.34 69.50 3.65
Cleveland-Cliffs Alpha Natural 9,031.59 94.92 45.25
Teva Pharm Barr Pharm 7,115.11 67.67 4.42
Waste Mgnt Republic Services 6,730.95 37.00 17.46
Republic Services Allied Waste 6,550.32 14.18 21.47
Invitrogen Applied Biosys 6,381.65 35.37 3.74
Hexion Huntsman Corp 6,213.24 28.00 180.56
Samsung Electro SanDisk Corp 5,850.27 26.00 16.85
Triarc Co Wendys Intl 4,758.27 21.38 .27
Tokio Marine Philadelphia Consol 4,397.46 61.50 2.93
Bristol-Myers ImClone Systems 4,330.50 60.00 1.01
Bunge Ltd Corn Products 4,162.20 56.00 55.86
The Bank of Tokyo UnionBanCal 3,512.80 73.50 .34
Consortium Puget Energy 3,510.75 30.00 14.20
Finmeccanica DRS Tech 3,359.00 81.00 5.50
Delta Air Northwest Air 3,051.85 10.88 8.42
WebMD HLTH Corp 2,897.69 13.19 6.78
Brocade Comm Foundry Networks 2,807.93 19.07 5.25
Walgreen Longs Drug 2,700.57 75.00 .66
United Tech Diebold Inc 2,631.77 40.00 20.30
Ashland Inc Hercules Inc 2,602.64 21.29 8.69
CVS Longs Drug 2,574.54 71.50 -4.04
Nationwide Mutual Nationwide Fin 2,440.08 52.25 2.85
Consortium Post Prop 2,054.24 47.00 60.14
Precision Drill Grey Wolf 1,820.45 8.36 5.31
Vishay Intertech Intl Rectifier 1,675.01 23.00 17.17
Willis Group Hilb Rogal 1,673.94 46.00 2.77
Ricoh Americas IKON 1,617.30 17.25 1.23
King Pharm Alpharma 1,545.25 37.00 2.86
Sky Acquisition Apria Healthcare 1,281.57 21.00 13.94
Dubai Intl Och-Ziff 1,258.62 33.00 150.38
Management Group CKX Inc 1,164.71 12.00 77.51
Service Corp Intl Stewart Enterprises 1,020.92 11.00 21.41
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Oswald Blackwood)
