Aug 29 (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 DEAL VALUE* PRICE/SHARE SPREAD%
InBev NV Anheuser-Busch 49,915.24 70.00 2.94
Roche Holding Genentech 37,505.28 89.00 -9.60
Mars Inc Wm Wrigley 21,917.51 80.00 .72
Dow Chemical Rohm and Haas 15,287.23 78.00 3.63
NRG Energy Calpine Corp 10,916.43 20.35 11.51
Cleveland-Cliffs Alpha Natural 9,031.59 118.72 19.72
Teva Pharm Barr Pharm 7,115.11 69.69 2.68
Waste Mgt Republic Services 6,730.95 37.00 11.31
Republic Services Allied Waste 6,550.32 14.96 12.30
Invitrogen Corp Applied Biosys 6,381.65 37.61 2.91
Hexion Huntsman Corp 6,213.24 28.00 113.74
Liberty Mutual Safeco Corp 6,124.91 68.25 .89
Triarc Co Wendy's Intl 4,758.27 25.16 1.45
Iberdrola SA Energy East 4,495.87 30.99 14.00
Tokio Marine Philadelphia Consolidated4,397.46 61.50 2.76
Bristol-Myers ImClone Sys 4,330.50 60.00 -7.55
Bunge Ltd Corn Products Intl 4,162.20 56.00 22.73
Fresenius Kabi APP Pharm 3,686.31 23.00 -2.62
Reed Elsevier ChoicePoint Inc 3,576.80 50.00 2.35
The Bank of Tokyo UnionBanCal 3,512.80 73.50 -.27
Consortium Puget Energy 3,510.75 30.00 6.08
Finmeccanica DRS Tech 3,359.00 81.00 1.91
Delta Air Northwest Air 3,051.85 10.24 3.72
WebMD HLTH Corp 2,897.69 13.32 5.64
Brocade Comm Foundry Networks 2,807.93 19.18 3.98
United Tech Diebold Inc 2,631.77 40.00 .81
Ashland Inc Hercules Inc 2,602.64 22.46 3.22
CVS Longs Drug Stores 2,558.87 71.50 -1.28
Nationwide Mutual INationwide Financial 2,440.08 52.25 1.46
Consortium Post Properties 2,054.24 47.00 49.30
Electronic Arts Take-Two Inter Software 1,913.29 25.74 2.55
Precision Drilling Grey Wolf Inc 1,820.45 8.99 3.10
Willis Group Hilb Rogal & Hobbs 1,673.94 46.00 1.59
Ricoh Americas IKON Office Solutions 1,617.30 17.25 -.81
Vishay Intertech Intl Rectifier Corp 1,545.38 21.22 -.47
King Pharm Alpharma Inc 1,378.20 33.00 -7.30
Sky Acquisition Apria Healthcare 1,281.57 21.00 4.22
Dubai Intl Och-Ziff Capital 1,258.62 33.00 85.50
Management Group CKX Inc 1,164.71 12.00 50.00
Service Corp Intl Stewart Enterprises 1,020.92 11.00 18.53
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Oswald Blackwood; Editing by Brian Moss)
(For more M&A news and our DealZone blog, go to here
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