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 20, 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 20, 2019
The Past
- CLOSURES
- International Speedway (ISCA) closed on October 18
- 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 position
- NEW DEALS ENTRY(S)
- There were no new deals announced during the week that made our list
- EXISTING DEAL ENTRY(S)
- Changyou.com (CYOU) is an existing deal that enters out list this week
- LARGEST SPREAD
- The largest simple spread this week is Pacific Biosciences of California (PACB) offering 46.52%.
- AVERAGE SPREAD
- The average spread of the T20 components is 6.80%, which is a slither higher than last week.
- The average completion date is March 2, 2020. This gives an annualized return of 18.29%.
- Previously, February 26, 20.39%.
- CONSTITUENTS
The Future
- EARNINGS
- Changyou.com (CYOU) announces earnings October 24
- Cypress Semiconductor (CY) announces earnings October 24
- Medidata Solutions (MDSO) announces earnings October 25
- Mellanox (MLNX) announces earnings October 25
- DIVIDENDS
- There are no expected ex dividend dates scheduled for this week
- REGULATORY
- There are no expected regulatory announcements scheduled for this week
- MEETINGS
- Cambrex (CBM) has a special meeting scheduled for October 23
- Wesco Aircraft (WAIR) has a special meeting scheduled for October 24
- 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 coming weeks will be dominated by earnings reports. Banks got off to a good start during the week although there are signs of a domestic consumer spending slowdown.
- Spreads tightened during the week as the broader market rose on positive earnings news. We have included Changyou.com (CYOU) in the index this week as the rise in traded volume makes the stock eligible and passes our investability criteria.
