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 29, 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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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 29, 2019
The Past
- CLOSURES
- Shutterfly (SFLY) closed on September 25
- Cray Inc. (CRAY) closed on September 25
- Del Frisco’s Restaurant Group (DFRG) closed on September 25
- FAILURES
- There were no deal failures during the week
- LIST REMOVALS
- Presidio (PSDO) – speculation of another superior offer exceeding current offer
- Monotype Imaging (TYPE) – Return no longer ranked in top 20
- NorthStar Realty Europe (NRE) – Deal nearing completion
- Carbon Black (CBLK) – 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 were no new deal announcements made during the week that make our list
- EXISTING DEAL ENTRY(S)
- Medidata Solutions (MDSO)
- OMNOVA (OMN)
- Cambrex (CBM)
- Navigant Consulting (NCI)
- LARGEST SPREAD
- The largest simple spread this week is Pacific Biosciences of California (PACB) offering 53.26%.
- AVERAGE SPREAD
- The average spread of the T20 components is 7.21%, which is higher than last week.
- The average completion date is February 14, 2020. This gives an annualized return of 19.90%.
- Previously, February 5, 17.07%.
- CONSTITUENTS
The Future
- EARNINGS
- There are no expected earnings announcements scheduled for this week
- DIVIDENDS
- There are no expected ex dividend dates scheduled for this week
- REGULATORY
- There are no expected regulatory announcements scheduled for this week
- MEETINGS
- Genesee & Wyoming (GWR) has a special meeting scheduled for October 3
- 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. This week was dominated by the domestic political scene. This has a known on effect of causing uncertainty in the ongoing trade war.
- Spreads marginally widened during the week as the broader market failed to make any significant progress. PACB was the most notable of the decliners, whereas PSDO provided a bright note by announcing a superior offer.
