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 August 18, 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 August 18, 2019
The Past
- CLOSURES
- The were no closures from the list during the previous week
- FAILURES
- There were no deal failures during the week
- LIST REMOVALS
- Shutterfly (SFLY) – Return no longer ranked in top 20
- PCM, Inc (PCMI) – Return no longer ranked in top 20
- Tribune Media Company (TRCO) – 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)
- Navigant Consulting (NCI)
- Wesco Aircraft (WAIR)
- LARGEST SPREAD
- The largest simple spread this week is Pacific Biosciences of California (PACB) offering 38.89%.
- AVERAGE SPREAD
- The average spread of the T20 components is 6.80%, which is marginally higher than last week.
- The average completion date is January 25, 2020. This gives an annualized return of 15.98%.
- Previously, January 18, 15.66%.
The Future
- EARNINGS
- Zayo (ZAYO) announces earnings on August 21
- Red Robin Gourmet Burgers (RRGB) announces earnings on August 23
- REGULATORY
- Monotype Imaging (TYPE) has an expected go-shop expiry on August 25
- MEETINGS
- There are no expected special meetings scheduled for this week
- DIVIDENDS
- There are no expected dividend payments scheduled for this week
We will announce deal news relating to this week’s T20 list in real time via our twitter feed @MergeArbLimited.
And Finally…
- Despite being broadly positive, corporate earnings have now almost played out for this season. At the macro level, fears continue to persist of a global economic slowdown. Subsequently, markets have become increasing jittery and have fallen for the third straight week. Disappointing German and Chinese economic data has confounded these fears. However, U.S. productivity did provide a bright spot on the economic front along with healthy retail sales data.
- Spreads widened slightly during the week as market volatilty continued. As usual, PACB had a volatile week but recouped its earlier losses. RRGB was the main drag on the T20 performance.
