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 October 13, 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.
Merger Arbitrage Spread List October 13, 2019
The Past
- CLOSURES
- Monotype Imaging (TYPE) closed on October 11
- Navigant Consulting (NCI) closed on October 11
- FAILURES
- There were no deal failures during the week
- LIST REMOVALS
- There are no list removals this week
- CLOSURES
The Present
- CONSTITUENTS
- The T20 list now operates with an incomplete complement of 19 constituents and 1 cash positions
- NEW DEALS ENTRY(S)
- Ra Pharmaceuticals (RARX) was the only new deal announcement made during the week that makes our list
- EXISTING DEAL ENTRY(S)
- There are no new list entries this week
- LARGEST SPREAD
- The largest simple spread this week is Pacific Biosciences of California (PACB) offering 55.64%.
- AVERAGE SPREAD
- The average spread of the T20 components is 7.27%, which is a slither higher than last week.
- The average completion date is February 26, 2020. This gives an annualized return of 20.39%.
- Previously, February 14, 21.21%.
- CONSTITUENTS
The Future
- EARNINGS
- WABCO Holdings (WBC) announces earnings October 18
- DIVIDENDS
- There are no expected ex dividend dates scheduled for this week
- REGULATORY
- There are no expected regulatory announcements scheduled for this week
- MEETINGS
- International Speedway (ISCA) has a special meeting scheduled for October 16
- 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 U.S. China trade discussions. Progress is being made but a full resolution may still be some way off.
- Spreads marginally widened during the week as the broader market rose sharply on Friday. We have extended the potential closing date for RRGB by three months, thus lowering the potential annualized return.
