Merger Arbitrage Spread List October 27, 2019

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 27, 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 27, 2019

The Past

    • CLOSURES
      • There were no closures from the list during the past week
    • FAILURES
      • There were no deal failures during the week
    • LIST REMOVALS
      • Pivotal Software (PVTL) was removed this week as the spread is below $0.05
      • Medidata Solutions (MDSO) was removed this week as the spread is below $0.05 

The Present

    • CONSTITUENTS
      • The T20 list now operates with an incomplete complement of 18 constituents and 2 cash positions
    • NEW DEALS ENTRY(S)
      • There were no new deals announced during the week that made our list
    • EXISTING DEAL ENTRY(S)
      • Wesco Aircraft (WAIR) 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 69.85%.
    • AVERAGE SPREAD
      • The average spread of the T20 components is 7.43%, which is a slither higher than last week.
      • The average completion date is March 5, 2020. This gives an annualized return of 20.76%. 
      • Previously, March 2, 18.29%.

The Future

    • EARNINGS
      • Genesee & Wyoming (GWR) announces earnings October 31
      • Advanced Disposal Services (ADSW) announces earnings October 31
      • Buckeye Partners (BPL) announces earnings November 1
      • El Paso Electric (EE) announces earnings November 1
      • Spark Therapeutics (ONCE) announces earnings November 1
      • Pacific Biosciences of California (PACB) announces earnings November 1
    • DIVIDENDS
      • There are no expected ex dividend dates scheduled for this week
    • REGULATORY
      • There are no expected regulatory announcements scheduled for this week
    • MEETINGS
      • There are no special meetings scheduled for the week

We will announce deal news relating to this week’s T20 list in real time via our twitter feed @MergeArbLimited.

*These earnings dates may include estimated dates. Traders are advised to check for updates on this site or via our twitter feed.

And Finally…

    • We had previously suggested volatility would remain higher. The coming weeks will be dominated by earnings reports. Even is progress is made in the trade negotiations we expect there to be speed bumps along the way.
    • Spreads narrowed during the week as the PACB deal looks increasingly unlikely to succeed. Again, we advise traders to be aware of changing earnings announcement dates.
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