AKRXAMNBANCXANDVAUBAVHICLDRCNPCOHUCOLCVGCWAYDEGCEHICFMSFNFFSNUYGNWGOV-OLDHDPHHRBFHIGHMTAHONEKANGKTWOMCOMPCNAVGNXTMOCNPBCTPENNPGLCPHHPNKREISSSCGSHPGSIRSNXSTCSYKTAKTMHCTMUSUSASUTXVVCXCRA

Long/short equity, event-driven, insider ownership, investment advisor

Merger activity remained unchanged last week with four new deals announced.

Fresenius won a court ruling allowing the healthcare group to walk away from its takeover of Akorn.

The U.S. Federal Trade Commission approved Penn National Gamings purchase of Pinnacle Entertainment.

Merger activity remained unchanged last week with four new deals announced and seven pending deals closing. You can find all the active deals listed below in ourMerger Arbitrage Toolthat automatically updates itself during market hours.

The acquisition ofPershing Gold Corporation (NASDAQ:PGLC) by Americas Silver Corporation (NYSEMKT:USAS) for $50.78 million in an all-stock deal. Under the terms of the agreement, holders of Pershing common shares will receive 0.715 common shares of Americas Silver for each common share of Pershing by way of a share exchange.

The acquisition ofHomeTown Bankshares Corporation (OTC:HMTA) by American National Bankshares (NASDAQ:AMNB) for $95.6 million in an all-stock deal. Under the terms of the agreement, HomeTown shareholders will receive 0.4150 shares of American National common stock for each share of HomeTown common stock.

The acquisition ofHortonworks (NASDAQ:HDP) by Cloudera (NYSE:CLDR) for $1.49 billion in an all-stock deal. Under the terms of the agreement, Hortonworks stockholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned.

The acquisition ofAccess National Corporation (NASDAQ:ANCX) by Union Bankshares Corporation (UBSH) for $610 million in an all-stock deal. Under the terms of the merger agreement, each outstanding share of Access common stock will be converted into the right to receive 0.75 shares of Union common stock.

October 1, 2018: According to Reuters, Fresenius (OTCQX:FSNUY) won a court ruling allowing the healthcare groupto walk away from its takeover of Akorn(NASDAQ:AKRX), sparking a more than 50 percent fall in the U.S. generic drugmakers shares.

On October 1, 2018, Moodys Corporation (NYSE:MCO) and Reis (NASDAQ:REIS) announced that thewaiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976with respect to Moodys pending acquisition of Reis expired on September 28, 2018.

On October 1, 2018, United Technologies (NYSE:UTXwon U.S. approval to buy Rockwell Collins(NYSE:COL), as long as it sells certain assets. Chinese approval of the deal is still pending.

On October 1, 2018, TheU.S. Federal Trade Commission approvedPenn National Gamings (NASDAQ:PENN) purchase of Pinnacle Entertainment (NASDAQ:PNK), requiring they divest assets in three Midwestern cities.

On October 3, 2018, Penn National Gaming announced thatthe Company received approval from the Nevada Gaming Commission and Nevada Gaming Control Boardin connection with its pending acquisition of Pinnacle Entertainment.

On October 4, 2018, The Navigators Group (NASDAQ:NAVG) announced that it hasestablished a meeting dateof November 16, 2018, for a special meeting of stockholders to vote on a proposal to adopt the previously announced agreement and plan of merger with the Hartford Financial Services Group (NYSE:HIG).

On October 5, 2018, The Federal Energy Regulatory Commission (FERC)approved the mergerof CenterPoint Energy (NYSE:CNP) and Vectren Corporation (NYSE:VVC).

On October 5, 2018, Dominion Energy (NYSE:D) and SCANA Corporation (NYSE:SCG) announced that they havereached a settlement agreement with the Public Staff of the North Carolina Utilities Commissionand an intervenor that ensures rate stability and service reliability for more than 500,000 PSNC Energy customers. This marks significant progress in their proposed merger.

On October 5, 2018, K2M Group Holdings (NASDAQ:KTWO) announced that it has set November 7, 2018,as the meeting date for a special meeting of its stockholdersto vote on a proposal to adopt the previously announced agreement and plan of merger with Stryker Corporation (NYSE:SYK).

The acquisition ofXcerra Corporation (NASDAQ:XCRA) by Cohu, Inc. (NASDAQ:COHU) on October 1, 2018. It took 146 days for this deal to be completed.

The acquisition ofAndeavor (NYSE:ANDV) by Marathon Petroleum Corp. (NYSE:MPC) on October 1, 2018. It took 154 days for this deal to be completed.

The acquisition ofFirst Connecticut Bancorp (OTCQB:FBNK) by Peoples United Financial (NASDAQ:PBCT) on October 1, 2018. It took 104 days for this deal to be completed.

The acquisition ofAV Homes (NASDAQ:AVHI) by Taylor Morrison Home Corporation (NYSE:TMHC) on October 2, 2018. It took 117 days for this deal to be completed.

The acquisition ofPHH Corporation (NYSE:PHH) by Ocwen Financial Corporation (NYSE:OCN) on October 4, 2018. It took 219 days for this deal to be completed.

The acquisition ofCoastway Bancorp (NASDAQ:CWAY) by HarborOne Bancorp (NASDAQ:HONE) on October 5, 2018. It took 204 days for this deal to be completed.

The acquisition ofConvergys Corporation (NYSE:CVG) by SYNNEX Corporation (NYSE:SNX) on October 5, 2018. It took 99 days for this deal to be completed.

Disclaimer: I hold positions in Rockwell Collins, United Technologies, Pandora (NYSE:P), Radisys (NASDAQ:RSYS), and magicJack VocalTec (NASDAQ:CALL). Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Disclosure:I am/we are long COL, UTX, P, RSYS, CALL.I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Editors Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.