Merger Arbitrage Spread List July 7, 2019
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 July 7, 2019 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.
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Merger Arbitrage Spread List
The Past
- Former T20 portfolio member Amber Road (AMBR) closed on July 1
- There were no deal failures from last week’s list.
- Global Brass and Copper (BRSS), Control4 (CTRL) & Electronics for Imaging (EFII) are the three stocks dropping out of the list this week. These stocks are now trading close to their offer prices and offering little value.
- and International Speedway (ISCA)
The Present
- The T20 list now operates with a full complement of 20 constituents and 0 cash positions
- Genesee & Wyoming (GWR) & NorthStar Realty Europe (NRE) are new deals that enter our list this week
- Cray Inc. (CRAY) is an existing deal that enters our list this week.
- The largest simple spread this week is Pacific Biosciences of California (PACB) offering 30.93%.
- The average spread of the T20 components is 4.96%, which is marginally lower than last week.
- The average completion date is January 10, 2020 (versus January 7 previously). This gives an annualized return of 9.91%
The Future
- There are no earnings announcements expected for the coming week from the list members.
- Aquantia (AQ) has a special meeting scheduled for July 10
- There are no stocks going ex-div this week from the list.
- We will announce deal news relating to this week’s T20 list in real time via our twitter feed @MergeArbLimited.
And Finally…
- A slow week news wise due to the Independence day holiday. The market continues to keep a close eye on the trade talks between China and the USA.
- Spreads broadly narrowed during the week. This is seen by the 16 winners but only a portfolio gain of 0.46%. This is especially true for PACB. New deals continue to be announced and make it into our list supplying fresh opportunities. We had an expectation of lower volatility but the Iran nuclear position may throw a spanner in the works.
