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Merger Arbitrage Spread List January 19, 2020

Merger Arbitrage Spread List

This list of the largest merger arbitrage spreads is a FREE list of cash spreads trading on major US exchanges. The Merger Arbitrage Spread List January 19, 2020 is the latest list of opportunities available. The FREE spreadsheet below contains the latest essential deal information and criteria as per official company announcements. This merger arbitrage spread list provides the user with an investable database of deal spread opportunities. This information can provide a solid foundation for making merger arbitrage investing part of your investment portfolio. 

We encourage traders and investors to perform their own due diligence before making investments. However, merger arbitrage (also known as risk arbitrage) is relatively simple to understand and execute.We encourage traders and investors to perform their own due diligence before making investments. 

Additional Merger Arbitrage Resources

Complementary to our merger arbitrage spread list, you can also access more FREE content using the menu bar above.

    • Quickly obtain merger details and news updates on selected deals such as
      • Woodward (WWD) and Hexcel (HXL)
      • Dermira (DERM)
      • Sorrento Therapeutics (SRNE)
    • Visit our deals category for more pending acquisitions and takeovers or click the blue link in the spreadsheet below
    • Visit our closed deals category to review past deals
    • Scroll through the listings on the “performance” and “strategy” pages to view our regular weekly output
    • In addition, to the right you can see what everyone else is reading in “Recent Posts” or click on the “Categories” links
    • Download our FREE to use Excel merger arbitrage spread calculation tool. This can calculate any stock-for-stock deal spreads you may be interested in trading along with detailed instructions for use. Investors can also use this tool in a pairs trading strategy

Merger Arbitrage Spread List January 19, 2020

The Past

    • CLOSURES
      • Audentes Therapeutics (BOLD) is a previous list member whose deal closed during the week
      • Arqule (ARQL) is a previous list member whose deal closed during the week
    • FAILURES
      • There were no deal failures from the list during the past week
    • LIST REMOVALS
      • LogMeIn (LOGM) is removed from the list this week as the spread falls outside the top 20 ranking
      • Continental Building Products (CBPXis removed from the list this week as the spread falls outside the top 20 ranking

The Present

    • CONSTITUENTS
      • The T20 list now operates once again with a full complement of 20 constituent deals
    • NEW DEALS ENTRY(S)
      • There are no new deals that enter our list this week
    • EXISTING DEAL ENTRY(S)
      • Craft Brew Alliance (BREW) is an existing deal that enters the list this week
      • Anixter International (AXE) is an existing deal that enters the list this week
    • LARGEST SPREAD
      • The largest simple spread this week is Red Robin Gourmet Burgers (RRGB) offering 14.45%.
    • AVERAGE SPREAD
      • The average spread of the T20 components is 2.80%, which again is lower than the previous week.
      • The average completion date is May 14, 2020. This gives an annualized return of 8.92%. 
      • Previously, May 21, 9.66%

The Future

    • EARNINGS
      • AVX Corporation (AVX) has an expected earnings announcements on January 23
    • DIVIDENDS
      • There are no stocks from the index going ex-dividend during the coming week
    • REGULATORY
      • Tallgrass Energy (TGEhas a a possible HSR expiry on January 20
    • MEETINGS
      • There are no special meetings scheduled for the coming week

We will announce deal news relating to this week’s T20 list in real time via our twitter feed @MergeArbLimited.

*These dates may include estimated dates. Traders are advised to check for updates on this site or via our twitter feed.

And Finally…

    • A plethora of news announcements last week saw a positive start to earnings season as banks reported robust results. Phase I of the U.S. – China trade deal was signed and, along with some positive domestic economic data propelled the market to fresh highs yet again.
    • Spreads continued to narrow during the week primarily as RRGB continues its recovery. Traders are advised to be selective in choosing their deals as despite the large number of option available, spreads are becoming much tighter than before. The hostile RRGB takeover continues to be the largest simple spread at 14.45%.
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