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 September 15, 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.
Additional Resources
In addition to our merger arbitrage spread list, you can also access more FREE content using the menu bar above. Scroll through the listings on the “performance and strategy pages to view our regular weekly output. Also, to the right you can see what everyone else is reading in “Popular Posts or click on the “Archive” links. Finally, our Website Enhancements and Functionality page provides a comprehensive guide to maximising the information available on this site.
You can 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 along with detailed instructions for use. Subsequently, this tool can also be used in a pairs trading strategy.
Merger Arbitrage Spread List September 15, 2019
The Past
- CLOSURES
- There were no deal closures during the week
- FAILURES
- There were no deal failures during the week
- LIST REMOVALS
- DryShips (DRYS) – Insufficient $ traded value
- Navigant Consulting (NCI) – Return no longer ranked in top 20
- CLOSURES
The Present
- CONSTITUENTS
- The T20 list now operates with a full complement of 20 constituents and 0 cash positions
- NEW DEALS ENTRY(S)
- Bitauto Holdings (BITA) is the only new deal announced during the week that enters our list
- EXISTING DEAL ENTRY(S)
- Del Frisco’s Restaurant Group (DFRG)
- LARGEST SPREAD
- The largest simple spread this week is Pacific Biosciences of California (PACB) offering 43.88%.
- AVERAGE SPREAD
- The average spread of the T20 components is 6.06%, which is lower than last week.
- The average completion date is February 2, 2020. This gives an annualized return of 16.33%.
- Previously, January 18, 17.14%.
- CONSTITUENTS
The Future
- EARNINGS
- There are no expected earnings announcements scheduled for this week
- DIVIDENDS
- There are no stocks from the list going ex-div this week
- REGULATORY
- MEETINGS
- El Paso Electric (EE) has a special meeting scheduled for September 19
- EARNINGS
We will announce deal news relating to this week’s T20 list in real time via our twitter feed @MergeArbLimited.
And Finally…
- We had previously suggested volatility would remain higher. The market continues to react sensitively to every scrap of information (or tweet) regarding the ongoing trade war. Concessions from both sides have delayed the imposition of new tariffs until talks take place next month.
- Spreads narrowed during the week as the broader market regained all-time highs. The usual suspects provided the majority of the gain in the T20 index. Cash arbitrage spreads remain correlated with the outcome of trade talks between the U.S. and China.
