NEW YORK, Aug 21 (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/SHR SPREAD % InBev NV Anheuser-Busch 49,915.24 70.00 3.32 Roche Holding Genentech Inc 37,505.28 89.00 -9.17 Mars Inc Wm Wrigley 21,917.51 80.00 .92 Dow Chemical Rohm and Haas 15,287.23 78.00 3.07 Hewlett-Packard Electronic Data 12,565.03 25.00 .32 CME NYMEX 11,071.73 81.25 -.20 NRG Calpine Corp 10,916.43 20.69 15.25 Cleveland-Cliffs Alpha Natural 9,031.59 116.45 24.23 Teva Pharma Barr Pharm 7,115.11 69.67 3.38 Waste Mngmnt Republic Services 6,730.95 37.00 13.25 Republic Srvc Allied Waste 6,550.32 14.70 11.63 Invitrogen Applied Biosystems 6,381.65 37.58 2.83 Hexion Specialty Huntsman Corp 6,213.24 28.00 104.38 Liberty Mutual Safeco Corp 6,124.91 68.25 1.17 Triarc Co Wendys Intl 4,758.27 25.80 2.05 Iberdrola SA Energy East 4,495.87 31.08 20.19 Tokio Marine Philadelphia Consolida4,397.46 61.50 3.45 Bristol-Myers Squibb ImClone Sys 4,330.50 60.00 -6.32 Bunge Ltd Corn Products 4,162.20 56.00 22.89 Fresenius Kabi APP Pharma 3,686.31 23.00 -1.84 Reed Elsevier ChoicePoint Inc 3,576.80 50.00 2.46 The Bank of Tokyo UnionBanCal 3,512.80 73.50 .22 Consortium Puget Energy Inc 3,510.75 30.00 7.45 Finmeccanica SpA DRS Tech 3,359.00 81.00 2.84 Delta Air Northwest Air 3,051.85 10.34 5.06 WebMD HLTH Corp 2,897.69 13.29 6.22 Brocade Comm Foundry Networks 2,807.93 19.15 6.89 United Tech Diebold Inc 2,631.77 40.00 5.04 Ashland Inc Hercules Inc 2,602.64 22.29 4.41 CVS Longs Drug Stores 2,558.87 71.50 -.83 Nationwide Mutual Ins Nationwide Financial 2,440.08 52.25 1.55 Consortium Post Properties Inc 2,054.24 47.00 50.69 Electronic Arts Take-Two Interactive 1,913.29 25.74 5.75 Precision Drilling Grey Wolf Inc 1,788.40 10.00 19.19 Willis Group Holdings Hilb Rogal & Hobbs 1,673.94 46.00 3.67 Stone Energy Bois d Arc Energy 1,650.94 22.14 -.22 Vishay IntertechnologyIntl Rectifier 1,545.38 21.22 -2.88 Sky Acquisition Apria Healthcare 1,281.57 21.00 5.79 Dubai Intl Och-Ziff Capital 1,258.62 33.00 96.31 Management Group CKX Inc 1,164.71 12.00 47.24 Service Corp Intl Stewart Enterprises 1,020.92 11.00 20.35 NOTE: * Deal values in millions of U.S. dollars SOURCE: Reuters (Compiling by Oswald Blackwood) (For more M&A news and our DealZone blog, go to here)
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