Merger Arbitrage Spread List December 16, 2018
This is the Merger Arbitrage Spread List December 16, 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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The Past
- There were no closed deals from last weeks top 20 list
- The five stocks to drop out of last weeks list were XOXO, ECYT, NAVG, ESL & VLP
The Present
- The 5 T20 replacements this week are Pacific Biosciences of California (PACB), TransMontaigne Partners (TLP), Belmond (BEL), Electro Scientific Industries (ESIO) & Travelport (TVPT)
- Of these five replacements, 2 new cash deals were announced during the week namely BEL & TVPT. PACB & ESIO are now eligble for the T20 list following an improvement in their trading metrics as required by our qualifying guidelines
- The largest spread this week again is AVA. This follows the failure to obtain the necessary regulatory approval and a slight recovery in the stock price during the past week. As the parties to this deal have publicly stated they continue to consider their options, the deal remains active. That aside, the largest (simple) spread is once again is RHT offering a return of 7.65%. The spread is marginally wider than last week but the annualised return remains low due to the extended time frame of expected completion. New entrants Belmond & Travelport are offering spreads of 1.37% and 0.86% respectively
- The average spread for the entire T20 list (excluding AVA) is a 2.68% return which is higher than the recent historical average. This increase in the level of return is expected in light of last weeks sell off in the broader market. Investors are still advised however to exercise a great deal of caution when selecting deals. The volatility in the broader market may cause a sell off affecting ALL stocks regardless of their M&A status and catch even the most seasoned arbitrageur off guard
The Future
- There are no earnings announcements expected during the forthcoming week from the members of this weeks list
- There are no dividend payments expected during the coming week
- Any deal announcements relating to this weeks T20 list will be announced in real time, most often via out twitter feed @MergeArbLimited. A premium service offering additional information and advice is available to those who have previously donated using the paypal widget above.
