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 September 1, 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 September 1, 2019
The Past
- CLOSURES
- PCM, Inc (PCMI) closed August 30
- Wageworks (WAGE) closed August 30
- FAILURES
- There were no deal failures during the week
- LIST REMOVALS
- Cambrex (CBM) – Return no longer ranked in top 20 as deal nears completion
- Wesco Aircraft (WAIR) – Return no longer ranked in top 20
- CLOSURES
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)
- OMNOVA (OMN)
- DryShips (DRYS)
- LARGEST SPREAD
- The largest simple spread this week is Pacific Biosciences of California (PACB) offering 44.14%.
- AVERAGE SPREAD
- The average spread of the T20 components is 6.96%, which is marginally higher than last week.
- The average completion date is January 11, 2020. This gives an annualized return of 20.11%.
- Previously, January 23, 16.55%.
- CONSTITUENTS
The Future
- EARNINGS
- Pivotal Software (PVTL) announces earnings on September 4
- Presidio (PSDO) announces earnings on September 6
- DIVIDENDS
- Navigant Consulting (NCI) goes ex-div on September 6 of $0.05
REGULATORY
- There are no expected regulatory announcements scheduled for this week
- MEETINGS
- Del Frisco’s Restaurant Group (DFRG) special meeting September 4
- Sotheby’s (BID) special meeting September 5
- Acacia Communications (ACIA) special meeting September 6
- EARNINGS
We will announce deal news relating to this week’s T20 list in real time via our twitter feed @MergeArbLimited.
And Finally…
- We had previously suggested volatility would remain higher. The market continues to react violently to every scrap of information (or tweet) regarding the ongoing trade war. What is most interest this week is the recovery in the markets which was unaccompanied by cash merger arbitrage spreads.
- Spreads widened marginally during the week as market volatilty continued. Again, it was the volatility of RRGB reversing last week’s losses that was the main driver of the T20 performance.
