NEW YORK, Aug 25 (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 Name Target Name DEAL VALUE* PRICE/SHARE SPREAD %
InBev NV Anheuser-Busch 49,915.24 70.00 3.26
Roche Holding Genentech Inc 37,505.28 89.00 -9.24
Mars Inc Wm Wrigley 21,917.51 80.00 .95
Dow Chemical Rohm and Haas 15,287.23 78.00 3.35
Hewlett-Packard Electronic Data 12,565.03 25.00 .24
NRG Energy Calpine Corp 10,916.43 20.69 15.47
Cleveland-Cliffs Alpha Natural 9,031.59 116.63 18.20
Teva Pharm Barr Pharm 7,115.11 69.25 2.82
Waste Management Republic Services 6,730.95 37.00 11.41
Republic Services Allied Waste 6,550.32 14.94 11.86
Invitrogen Applied Biosystems 6,381.65 37.31 3.01
Hexion Specialty Huntsman Corp 6,213.24 28.00 104.83
Liberty Mutual Safeco Corp 6,124.91 68.25 1.07
Triarc Co Wendys International 4,758.27 26.82 1.08
Iberdrola SA Energy East 4,495.87 31.18 15.62
Tokio Marine/Nichido Philadelphia Consolida4,397.46 61.50 3.02
Bristol-Myers Squibb ImClone Systems 4,330.50 60.00 -6.82
Bunge Ltd Corn Products Intl 4,162.20 56.00 23.21
Fresenius Kabi APP Pharm 3,686.31 23.00 -2.91
Reed Elsevier ChoicePoint Inc 3,576.80 50.00 2.08
Mitsubishi UFJ UnionBanCal 3,512.80 73.50 -.07
Consortium Puget Energy 3,510.75 30.00 8.34
Finmeccanica DRS Tech 3,359.00 81.00 2.53
Delta Air Northwest Air 3,051.85 10.79 4.03
WebMD Health HLTH Corp 2,897.69 13.00 4.88
Brocade Comm Foundry Networks 2,807.93 19.16 5.84
United Tech Diebold Inc 2,631.77 40.00 2.01
Ashland Inc Hercules Inc 2,602.64 22.35 4.25
CVS Longs Drug Stores 2,558.87 71.50 -2.80
Nationwide Mutual Nationwide Financial 2,440.08 52.25 1.44
Consortium Post Properties 2,054.24 47.00 49.73
Electronic Arts Take-Two Interactive 1,913.29 25.74 5.19
Precision Drilling Grey Wolf Inc 1,788.40 10.00 16.41
Willis Group Hilb Rogal & Hobbs 1,673.94 46.00 2.50
Stone Energy Bois d'Arc Energy 1,650.94 21.88 .44
Vishay Intertech Intl Rectifier 1,545.38 21.22 -3.72
King Pharmaceuticals Alpharma Inc 1,378.20 33.00 -4.38
Sky Acquisition Apria Healthcare 1,281.57 21.00 4.63
Dubai International Och-Ziff Capital 1,258.62 33.00 83.33
Management Group CKX Inc 1,164.71 12.00 45.28
Service Corp Intl Stewart Enterprises 1,020.92 11.00 17.27
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Oswald Blackwood)
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