Arbitrage Spreads On Pending Mergers & Acquisitions
10:32 AM ET 10/8/10 | Dow Jones
Inergy Holdings, L.P. (NRGP), Inergy, L.P. (NRGY)
Premium offered: $0.21 or 0.68% Acquirer: NRGY Target: NRGP Shares offered per share: 0.77 shares Value of offer per share: $31.26 Value of outstanding BK common equity: $1,924,801,340 NRGY share price: $40.60 NRGP share price: $31.05 Expected closing: 4Q 2010 11/15/2010 Annualized gain: 6.47% Note: NRGP unitholders will receive 0.77 NRGY common units in exchange for each NRGP common unit they own at closing. They will vote on the merger Nov. 2.