Merger Arbitrage Spread List November 4, 2018
This is the Merger Arbitrage Spread List November 4, 2018. A FREE list of the largest cash merger arbitrage opportunities trading on major US exchanges. 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. The most recent spread listings can be found here.
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ABCD, CA and IMPV all drop out of the top 20 this week as their deals near completition. None of these deals now have a significant spread. They are replaced by KTWO offering a 2.92% return for a deal expected to close by year end. RHT, this weeks big deal announcement is also in the top 20. This deal, announced last sunday is offering an impressive 10.31% spread although the timeframe for completion is given as the end of next year. XOXO is the other replacement deal and offers a slightly less impressive 1.45% and is expected to close mid 2019.
The only new cash deal announced during the last week that make our top 20 list of the most profitable was the aforementioned Redhat (RHT).
There were no deal closures out of last weeks list.
Despite its strong showing last week, RCII still offers the second most attractive spread this week with a potential 5.86% for a deal slated to close by year end. The largest spread is new enterant RHT which declined following its post-announcement rise from the mid $170’s to the $170 level.
The average for the entire list is a 2.90% return which is higher than the recent historical average (and last week’s 2.85%) due the the large sell off in the broader market.
