Stock: BJ Services
Symbol: BJS
Buyout Terms: Baker Hughes (BHI) is paying $2.69 cash plus 0.40035 shares of stock (currently $46.50) for each BJS share
Est. Closing Date: December 31st
Today’s date: October 20th
Today’s price: $20.87
Projections:
$/% Gain: $0.44/2.09%
Time frame: < 3 months
Annualized return: +10.6%
monthly arbs | AOTM | 
October 20, 2009 10:07 am | 
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Stock: Wyeth
Symbol: WYE
Buyout Terms: Pfizer is paying $33.00 cash plus 0.985 shares of stock (currently $16.23) for each WYE share
Est. Closing Date: December 31st
Today’s date: September 9th
Today’s price: $47.64
Projections:
$/% Gain: $1.35/2.83%
Time frame: < 4 months
Annualized return: +9.1%
monthly arbs | AOTM | September 9, 2009 11:03 am | Comments Off
Stock: Schering Plough
Symbol: SGP
Buyout Terms: Merck is paying $10.50 cash plus 0.5767 shares of stock for each SGP share
Est. Closing Date: December 31st
Today’s date: August 28th
Today’s price: $28.14
Projections:
$/% Gain: $1.07/3.80%
Time frame: ~ 4 months
Annualized return: +11.1%
monthly arbs | AOTM | August 28, 2009 10:20 am | Comments Off
Stock: MSC Software
Symbol: MSCS
Buyout Terms: Private equity consortium paying $7.63 cash for each MSCS share
Est. Closing Date: September 30th
Today’s date: July 9th
Today’s price: $7.47
Projections:
$/% Gain: $0.16/2.14%
Time frame: < 3 months
Annualized return: +9.3%
Update (October 2009): MSC Software attracted multiple bidders after the initial merger agreement was announced. The deal’s closing date was delayed until 10/13/09 but the final purchase price was $8.40 in cash, up from an original $7.63. That extra 10% premium resulted in annualized gains of +46.8% for merger arbs.
monthly arbs | AOTM | July 9, 2009 11:14 am | Comments Off
Stock: Centennial Communications
Symbol: CYCL
Buyout Terms: AT&T (T) is paying $8.50 cash for each CYCL share
Est. Closing Date: June 30th
Today’s date: June 5th
Today’s price: $8.38
Projections:
$/% Gain: $0.12/1.43%
Time frame: < 1 month
Annualized return: +20.9%
monthly arbs | AOTM | June 5, 2009 10:17 am | Comments Off
Stock: Sun Microsystems
Symbol: JAVA
Buyout Terms: Oracle (ORCL) is paying $9.50 cash for each JAVA share
Est. Closing Date: September 30th
Today’s date: May 4th
Today’s price: $9.13
Projections:
$/% Gain: $0.37/4.05%
Time frame: < 5 months
Annualized return: +9.9%
monthly arbs | AOTM | May 4, 2009 1:20 pm | Comments (0)
Stock: Provident Bank
Symbol: PBKS
Buyout Terms: M&T Bank (MTB) is paying 0.171625 shares of its stock ($46.95) for each PBKS share
Est. Closing Date: May 22nd
Today’s date: April 8th
Today’s price: $7.51
Projections:
$/% Gain: $0.55/7.32%
Time frame: 44 days
Annualized return: +60.7%
monthly arbs | AOTM | April 8, 2009 12:52 pm | Comments (0)
Stock: Thinkorswim
Symbol: SWIM
Buyout Terms: TD Ameritrade (AMTD) is paying 0.398 shares of its stock plus $3.34 in cash for each SWIM share
Est. Closing Date: June 3oth
Today’s date: March 3rd
Today’s price: $7.66
Projections:
$/% Gain: $0.20/2.58%
Time frame: 119 days
Annualized return: +7.9%
monthly arbs | AOTM | March 3, 2009 6:01 pm | Comments (0)
Stock: Aladdin Knowledge Systems
Symbol: ALDN
Buyout Terms: Private equity firm Vector Capital is paying $11.50 per share in cash
Est. Closing Date: March 31st
Today’s date: February 16th
Today’s price: $10.95
Projections:
$/% Gain: $0.55/5.02%
Time frame: 44 days
Annualized return: +41.6%
monthly arbs | AOTM | February 16, 2009 6:25 pm | Comments (0)
Stock: Puget Sound Energy
Symbol: PSD
Buyout Terms: Private equity firm is paying $30.00 per share in cash
Est. Closing Date: February 6th
Today’s date: January 21st
Today’s price: $29.37
Projections:
$/% Gain: $0.62/2.15%
Time frame: 17 days
Annualized return: +46.1%
monthly arbs | AOTM | January 21, 2009 12:38 pm | Comments (0)
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