NEW YORK, June 11 (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 VALUE* PRICE/ SPREAD%
Mars Inc Wm Wrigley 21,917.51 80 3.87
Consortium Clear Channel 17,900.00 36 2.65
HP Electronic Data S 12,565.03 25 2.38
CME NYMEX 11,071.73 87.63 3.5
NRG Calpine Corp 10,916.43 23.16 1.89
Nokia Oyj NAVTEQ 7,657.19 78 1.05
Hexion Huntsman Corp 6,213.24 28 31.52
Liberty Mutual Safeco Corp 6,124.91 68.25 1.49
Consortium Penn National 5,732.69 67 54.09
Triarc Wendys 4,758.27 27.37 0.15
Sirius XM 4,570.57 11.73 6.93
Iberdrola SA Energy East 4,202.70 32.6 22.77
Bank of America Countrywide Fin 4,143.76 5.4 11.04
Reed Elsevier ChoicePoint Inc 3,576.80 50 2.65
Consortium Puget Energy Inc 3,510.75 30 8.5
Finmeccanica DRS Tech 3,359.00 81 2.79
Delta Air Northwest Air 3,051.85 7.41 6.81
WebMD HLTH Corp 2,897.69 13.51 11.1
Smith Intl W-H Energy 2,894.29 94.63 -0.14
United Tech Diebold Inc 2,631.77 40 0.88
Nationwide Mutual Ins Nationwide Fin 2,204.24 47.2 -7.69
Consortium Post Properties 2,054.24 47 41.14
Hellman & Friedman Getty Images 2,024.80 34 1.4
Electronic Arts Take-Two Interact 1,932.61 26 -3.74
CBS CNET 1,751.96 11.5 0.44
Great Plains Aquila Inc 1,701.41 4.04 6.62
Willis Group Hilb Rogal & Hobb 1,673.94 46 4.07
Stone Energy Bois d Arc 1,650.94 24.43 1.05
Grey Wolf Inc Basic Energy 1,418.18 39.88 36.61
Blockbuster Circuit City 1,346.93 8 82.65
Dubai Intl Och-Ziff Capital 1,258.62 33 54.35
Management Group CKX Inc 1,164.71 12 16.85
TZ Holdings LP TriZetto 948.21 22 1.57
Ansys Inc Ansoft Corp 760.86 36.61 0.99
Verizon Rural Cell 679.16 45 0.54
Severstal' OAO Esmark Inc 671.61 17 -8.9
Sumitomo Heavy Axcelis Tech 613.5 6 3.09
Tullett Prebon eSpeed Inc 605.14 12 47.6
Golden Gate Children's Place 577.96 24 -29.33
O'Reilly Auto CSK Auto Corp 528.37 11.97 5.18
NOTE: * Deal values in millions of U.S. dollars
SOURCE: Reuters
(Compiling by Oswald Blackwood; Editing by Steve Orlofsky)
(For more M&A news and our DealZone blog, go to
here)