Merger Arbitrage Spread List August 4, 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 August 4, 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
- CLOSURES
- Array BioPharma (ARRY) closed July 30
- Control4 (CTRL) closed August 1
- FAILURES
- There were no deal failures during the week
- LIST REMOVALS
- Cray Inc (CRAY) – Return no longer ranked in top 20
The Present
- CONSTITUENTS
- The T20 list now operates with a full complement of 20 constituents and 0 cash positions
- NEW DEALS ENTRY(S)
- There are no new deals that enter our list this week
- EXISTING DEAL ENTRY(S)
- Tower International (TOWR)
- Monotype Imaging (TYPE)
- LARGEST SPREAD
- The largest simple spread this week is Pacific Biosciences of California (PACB) offering 47.33%.
- AVERAGE SPREAD
- The average spread of the T20 components is 6.62%, which is marginally lower than last week.
- The average completion date is January 19, 2020. This gives an annualized return of 14.75%.
- Previously, January 19, 14.68%.
The Future
- EARNINGS
- Acacia Communications (ACIA) announces earnings on August 6
- Del Frisco’s Restaurant Group (DFRG) announces earnings on August 6
- El Paso Electric (EE) announces earnings on August 6
- Pacific Biosciences of California (PACB) announces earnings on August 6
- Versum Materials (VSM) announces earnings on August 6
- NorthStar Realty Europe (NRE) announces earnings on August 7
- Shutterfly (SFLY) announces earnings on August 7
- PCMI (PCM) announces earnings on August 8
- Spark Therapeutics (ONCE) announces earnings on August 8
- Genesee & Wyoming (GWR) announces earnings on August 9
- Tower International (TOWR) announces earnings on August 9
- Tribune Media Company (TRCO) announces earnings on August 9
- REGULATORY
- There are currently no expected regulatory announcements
- MEETINGS
- There are currently no expected special meetings
- DIVIDENDS
- Buckeye Partners (BPL) goes ex-div August 9
We will announce deal news relating to this week’s T20 list in real time via our twitter feed @MergeArbLimited.
And Finally…
- Corporate earnings will continue to significantly effect market sentiment. Although, investor focus will turn to the possible retaliation from China following the imposition of new tariffs by the US. Also, the markets continue to digest the recent conflicting economic data. A softening economy has prompted a reduction in interest rates whilst the domestic labor market remained firm.
- Spreads narrowed during the week despite falls in the broader market. As usual, PACB & ONCE dominated and helped spreads narrow slightly whilst the majority of spreads remain relatively stable.
