FACTBOX-Spreads of U.S. mergers and acquisitions

May 13 (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 Jr Co 21,917.51 80 3.36
Consortium Clear Channel 19,350.00 39.2 19.26
CME Group Inc NYMEX Holdings 11,071.73 97.53 3.95
Ingersoll-Rand Trane Inc 9,208.23 46.59 0.12
Takeda Pharma Millennium Pharma 8,121.25 25 0.12
Nokia Oyj NAVTEQ Corp 7,657.19 78 3.9
Hexion Specialty Huntsman Corp 6,213.24 28 22.27
Liberty Mutual Safeco Corp 6,124.91 68.25 1.94
Consortium Penn National 5,732.69 67 52.07
Triarc Cos Wendys Int'l 4,758.27 27.12 1.63
Sirius Satellite XM Satellite 4,570.57 13.2 7.33
Iberdrola SA Energy East Corp 4,202.70 32.77 33.88
Bank of America Countrywide 4,143.76 6.82 42.41
Reed Elsevier ChoicePoint Inc 3,576.80 50 3.28
Consortium Puget Energy Inc 3,510.75 30 7.99
Delta Air Lines Northwest Airlines 3,051.85 9.3 8.77
WebMD Health HLTH Corp 2,897.69 12.81 12.18
United Tech Diebold Inc 2,631.77 40 -0.62
Mapfre SA Commerce Group 2,316.14 36.7 0.03
Nationwide group Nationwide 2,204.24 47.2 -6.92
Consortium Post Properties 2,054.24 47 28.03
Hellman & Friedman Getty Images Inc 2,024.80 34 2.69
Electronic Arts Take-Two 1,932.61 26 -3.31
Kinetic Concepts Lifecell Corp 1,743.33 51 0.37
Great Plains Aquila Inc 1,701.41 4.07 5.99
JPMorgan Chase Bear Stearns 1,693.76 10.28 -1
Stone Energy Bois d Arc Energy 1,650.94 24.75 1.63
Blockbuster Inc Circuit City 1,346.93 8 52.38
Swingset Holdings Bright Horizons 1,268.10 48.25 1.22
Dubai Int'l Och-Ziff Capital 1,258.62 33 64.42
VISTAR Corp Performance Food 1,224.95 34.5 1.5
Management group CKX Inc 1,164.71 12 23.71
Fifth Third Bancorp First Charter Corp 1,089.69 31 2.18
TZ Holdings LP TriZetto Group Inc 948.21 22 3.92
Ansys Inc Ansoft Corp 760.86 35.64 0.76
Robert Maguire III Maguire Properties 743.17 21 21.74
Verizon Wireless Rural Cellular 679.16 45 0.72
Essar Steel Esmark Inc 669 17 2.47
GlaxoSmithKline Sirtris Pharma 658.33 22.5 0.49
Sumitomo Heavy, TPG Axcelis Tech 613.5 6 5.26
Tullett Prebon eSpeed Inc 605.14 12 24.87
Golden Gate Children's Place 577.96 24 -19.6
Grey Wolf Inc Basic Energy 560.2 13.51 -50.86
O'Reilly Auto CSK Auto Corp 528.37 12 0.5
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Jessica Hall)
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