Merger Arbitrage Spread List May 5, 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 May 5, 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.
Not quite sure you’re ready for merger arbitrage yet?
Why not read our “How to Profit from Merger Arbitrage” guide first.
Merger Arbitrage Spread List Guidelines
Each Sunday a copy of this page, including the embedded excel file, is transferred to the “Spreads Archive” page for easy reference. You can find last weeks top 20 in this section. A companion post, a review of the week’s biggest movers to the previous week’s list of largest merger arbitrage spreads is also available. This companion report highlights the gainers & losers as well as deal completions or failures along with additional merger arbitrage investment commentary.
Additional Resources
In addition to our FREE merger arbitrage spread list you can also check out more great FREE content on this site using the menu bar above. Scroll through the listings on the “performance” and “strategy” pages to view our regular weekly output. To the right you can see what everyone else is reading in “Popular Posts” or click on the “Archive” links. 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.
The Past
- Ultimate Sotware (ULTI), was the only closed deal during the week from the list
- Quantenna Communications (QTNA) drops out of the list as the spread moves to parity
- There were NO failed deals from last week’s list.
The Present
- The T20 list now operates with 17 constituents and 3 cash positions due to an insufficient number of eligible spreads
- Wageworks (WAGE) is the only new T20 replacement this week.
- The largest (simple) spread this week is once again Pacific Biosciences of California (PACB) offering 7.96%.
- The average spread in the T20 list is 2.30%. This return is almost identical to last week despite last week’s portfolio gain.
- The average completion date is September 24 (versus September 23). With the additional 3 cash positions, this gives an annualized return of 5.12%
The Future
- Bluegreen Vacations Corporation (BXG) announces earnings on May 6 and Versum Materials (VSM) & KeyW Holding Corporation (KEYW) report on May 7. Tribune Media Company (TRCO) reports on May 10
- Nightstar Therapeutics (NITE) has a special meetings scheduled for May 8
- Global Brass and Copper (BRSS) goes ex-div on May 10
- Deal announcements relating to this week’s T20 list will be announced in real time via our twitter feed @MergeArbLimited
And Finally…
- Positive sentiment continues to come from a buoyant corporate earnings season. Rising consumer confidence and productivity data supported the market during a volatile week. Although low unemployment numbers and fears of inflation dampened to prospect of an immediate interest rate cut.
- As we approach new highs, be careful of a market pullback. This could have a significant negative effect on those spreads that are less advanced on the road to completion.
- Be careful using leverage in these situations. Maintain at least some dry power for the expected future opportunities.
