ALAB: Alabama National Merger News and Arbitrage Profit - MergerInvesting.com

2009-01-07 04:07:36
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Listed Closing Values do not include regular dividends.

Symbol Announced Date Closing Value Last Price Closing Date Profit Annualized Profit
ALAB 2007-09-06 $80.00 $79.65 2008-02-25 0.44 % 0.00 %

Additional Information
Under the agreement, shareholders of ANB will receive $80 per share payable in cash, RBC shares or a combination of each, valuing the deal at approximately $1.6 billion, with the total transaction consideration consisting one half of cash and one half of RBC shares.

Alabama National Merger News:

DateUpdate
2007-09-06 Alabama National to be acquired by RBC Centura for $1.6B (bizjournals.com)
2007-09-06 [$$] Stocks Hold Onto Modest Gains (at The Wall Street Journal Online)
2007-10-17 Alabama National BanCorporation Announces Quarterly Dividend (PR Newswire)
2007-10-18 Alabama National Declares Dividend (AP)
2008-01-03 Alabama National Merger Vote Date Announced
2008-01-24 Alabama National BanCorporation Stockholders Approve Acquisition by RBC Centura Banks, Inc. (PR Newswire)
2008-02-04 Royal Bank of Canada, RBC Centura Banks, Inc. and Alabama National BanCorporation Announce Extension of Cash/Stock Election Deadline in Connection with Pending Merger (PR Newswire)
2008-02-05 RBC Centura acquisition of Alabama National delayed (bizjournals.com)
2008-02-06 Feds approve RBC Centuras $1.6B purchase of Alabama National (bizjournals.com)
2008-02-07 Alabama National BanCorporation Announces Intent to Delist from NASDAQ (PR Newswire)
2008-02-25 RBC Centura closes on acquisition deal (bizjournals.com)


View Closing Conditions for the Alabama National (ALAB) Merger



View Financing Conditions for the Alabama National (ALAB) Merger






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