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Nov 17 (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
ACQUIRER TARGET RICS DEAL VALUE* PRICE/SHARE SPREAD%
InBev NV Anheuser-Busch BUD.N 49,915.24 70.00 3.05
Bank of America Merrill Lynch MER.N 44,339.70 14.70 6.50
Roche Holding Genentech Inc DNA.N 37,505.28 89.00 8.11
Dow Chemical Rohm and Haas ROH.N 15,287.23 78.00 6.09
Wells Fargo Wachovia Corp WB.N 15,127.19 5.79 2.69
NRG Energy Calpine Corp CPN.N 10,916.43 12.74 38.74
Altria Group UST Inc UST.N 10,256.34 69.50 .52
Cleveland-Cliffs Alpha Natural ANR.N 9,031.59 43.09 54.18
Teva Pharm Barr Pharm BRL.N 7,184.67 67.44 4.38
Republic Services Allied Waste AW.N 6,550.32 11.59 2.27
Invitrogen Corp Applied Biosys ABI.N 6,381.65 29.76 -2.72
Exelon Corp NRG Energy NRG.N 6,237.66 26.96 13.02
Hexion Huntsman Corp HUN.N 6,213.24 28.00 192.89
Eli Lilly ImClone Sys IMCL.OQ 6,089.83 70.00 .88
CenturyTel Embarq Corp EQ.N 5,744.34 35.98 13.67
PNC Financial National City NCC.N 4,539.66 2.59 2.85
Tokio Marine Philadelphia Consol PHLY.OQ 4,397.46 61.50 2.35
Consortium Puget Energy Inc PSD.N 3,510.75 30.00 20.00
Ashland Inc Hercules Inc HPC.N 2,602.64 20.26 5.71
Nationwide Mutual Nationwide Fin NFS.N 2,440.08 52.25 3.47
Brocade Comm Foundry Networks FDRY.OQ 2,406.78 16.50 8.20
Microchip Tech Atmel Corp ATML.OQ 2,231.03 5.00 17.10
Consortium Post Properties PPS.N 2,054.24 47.00 199.55
Banco Santander Sovereign Banc SOV.N 1,910.18 2.81 7.36
Precision Drilling Grey Wolf Inc GW.A 1,820.45 6.83 6.51
King Pharm Alpharma Inc ALO.N 1,545.25 37.00 21.31
Dubai Intl Capital Och-Ziff Capital OZM.N 1,258.62 33.00 633.33
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
ACQUIRER TARGET RICS DEAL VALUE* PRICE/SHARE SPREAD%
InBev NV Anheuser-Busch BUD.N 49,915.24 70.00 3.05
Bank of America Merrill Lynch MER.N 44,339.70 14.70 6.50
Roche Holding Genentech Inc DNA.N 37,505.28 89.00 8.11
Dow Chemical Rohm and Haas ROH.N 15,287.23 78.00 6.09
Wells Fargo Wachovia Corp WB.N 15,127.19 5.79 2.69
NRG Energy Calpine Corp CPN.N 10,916.43 12.74 38.74
Altria Group UST Inc UST.N 10,256.34 69.50 .52
Cleveland-Cliffs Alpha Natural ANR.N 9,031.59 43.09 54.18
Teva Pharm Barr Pharm BRL.N 7,184.67 67.44 4.38
Republic Services Allied Waste AW.N 6,550.32 11.59 2.27
Invitrogen Corp Applied Biosys ABI.N 6,381.65 29.76 -2.72
Exelon Corp NRG Energy NRG.N 6,237.66 26.96 13.02
Hexion Huntsman Corp HUN.N 6,213.24 28.00 192.89
Eli Lilly ImClone Sys IMCL.OQ 6,089.83 70.00 .88
CenturyTel Embarq Corp EQ.N 5,744.34 35.98 13.67
PNC Financial National City NCC.N 4,539.66 2.59 2.85
Tokio Marine Philadelphia Consol PHLY.OQ 4,397.46 61.50 2.35
Consortium Puget Energy Inc PSD.N 3,510.75 30.00 20.00
Ashland Inc Hercules Inc HPC.N 2,602.64 20.26 5.71
Nationwide Mutual Nationwide Fin NFS.N 2,440.08 52.25 3.47
Brocade Comm Foundry Networks FDRY.OQ 2,406.78 16.50 8.20
Microchip Tech Atmel Corp ATML.OQ 2,231.03 5.00 17.10
Consortium Post Properties PPS.N 2,054.24 47.00 199.55
Banco Santander Sovereign Banc SOV.N 1,910.18 2.81 7.36
Precision Drilling Grey Wolf Inc GW.A 1,820.45 6.83 6.51
King Pharm Alpharma Inc ALO.N 1,545.25 37.00 21.31
Dubai Intl Capital Och-Ziff Capital OZM.N 1,258.62 33.00 633.33
