FACTBOX-Spreads of U.S. mergers and acquisitions

May 8 (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 TARGET DEAL PRICE/SHARE SPREAD%

VALUE*
Mars Inc Wm Wrigley 21,917 80 5.26
Consortium Clear Channel 19,350 39.2 32.79
CME Group NYMEX Holdings 11,071 98.01 5.28
Ingersoll-Rand Trane Inc 9,208 46.39 0.44
Takeda Pharma Millennium Pharma 8,121 25 0.2
Nokia NAVTEQ Corp 7,657 78 3.86
Hexion Specialty Huntsman Corp 6,213 28 21.37
Liberty Mutual Safeco Corp 6,124 68.25 2.32
Consortium Penn National 5,732 67 59.07
Triarc Cos Wendys Int'l Inc 4,758 28.39 1.54
Sirius Satellite XM Satellite 4,570 12.88 6.36
Iberdrola SA Energy East Corp 4,202 32.44 37.13
Bank of America Countrywide 4,143 6.92 40.15
Reed Elsevier ChoicePoint Inc 3,576 50 3.52
Consortium Puget Energy Inc 3,510 30 7.87
Delta Air Lines Northwest Airlines 3,051 9.59 11.87
WebMD Health Corp HLTH Corp 2,897 13.02 12.22
United Tech Diebold Inc 2,631 40 0.23
Mapfre SA Commerce Group 2,316 36.7 0.47
Nationwide group Nationwide 2,204 47.2 -5.79
Consortium Post Properties 2,054 47 28.91
Hellman & Friedman Getty Images Inc 2,024 34 2.69
Electronic Arts Take-Two 1,932 26 -0.99
Kinetic Concepts Lifecell Corp 1,743 51 0.67
Great Plains Aquila Inc 1,701 4.02 7.88
JPMorgan Chase Bear Stearns 1,693 10.13 -1.36
Stone Energy Bois d'Arc Energy 1,650 25.12 1.65
Blockbuster Inc Circuit City Stores 1,346 8 60
Management group CKX Inc 1,334 13.75 52.44
Swingset Holdings Bright Horizons 1,268 48.25 1.3
Dubai Int'l Och-Ziff Capital 1,258 33 62.48
VISTAR Corp Performance Food 1,224 34.5 1.38
Fifth Third Bancorp First Charter Corp 1,089 31 2.99
TZ Holdings LP TriZetto Group Inc 948 22 4.02
Inverness Medical Matria Healthcare 835 39 64.56
Ansys Inc Ansoft Corp 760 34.76 0.83
Robert Maguire III Maguire Properties 743 21 27.27
Verizon Wireless Rural Cellular 679 45 1.17
Essar Steel Esmark Inc 669 17 1.13
GlaxoSmithKline Sirtris Pharma 658 22.5 0.54
Sumitomo Heavy, TPG Axcelis Tech 613 6 8.11
Tullett Prebon eSpeed Inc 605 12 29.31
Golden Gate Children's Place 577 24 -12.82
Grey Wolf Inc Basic Energy 560 13.29 -49.8
O'Reilly Auto CSK Auto Corp 528 12 1.61
Investor group Cumulus Media 507 11.75 106.5
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Jessica Hall)
(For more M&A news and our DealZone blog, go to
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