Merger Arbitrage Spread List November 3, 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 November 3, 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 November 3, 2019

The Past

    • CLOSURES
      • Buckeye Partners (BPL) was the only closure from the list during the past week
    • FAILURES
      • There were no deal failures during the week
    • LIST REMOVALS
      • OMNOVA (OMN) is removed from the list this week as the spread is less than $0.05

The Present

    • CONSTITUENTS
      • The T20 list now operates with an incomplete complement of 17 constituents and 3 cash positions
    • NEW DEALS ENTRY(S)
      • Tiffany (TIF) was a new deal announced October 28 that made our list
      • Fitbit (FIT) was a new deal announced November 1 that made our list
    • EXISTING DEAL ENTRY(S)
      • Presidio (PSDO) 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 63.27%.
    • AVERAGE SPREAD
      • The average spread of the T20 components is 6.89%, which is a lower last week.
      • The average completion date is March 12, 2020. This gives an annualized return of 20.23%. 
      • Previously, March 5, 20.76%.

The Future

    • EARNINGS
      • Changyou.com (CYOU) announces earnings November 3
      • Red Robin Gourmet Burgers (RRGB) announces earnings November 5
      • El Paso Electric (EE) announces earnings November 6
      • Fitbit (FIT) announces earnings November 6
      • Innophos (IPHS) announces earnings November 6
      • Presido (PSDO) announces earnings November 6
      • Zayo (ZAYO) announces earnings November 6
      • Cision (CISN) announces earnings November 7
      • Genesee & Wyoming (GWR) announces earnings November 7
      • Ra Pharmaceuticals (RARX) announces earnings November 7
      • Pacific Biosciences of California (PACB) announces earnings November 8
    • DIVIDENDS
      • There are no expected ex dividend dates scheduled for this week
    • REGULATORY
      • There are no expected regulatory announcements scheduled for this week
    • MEETINGS
      • Presidio (PSDO) has a special meetings scheduled for November 6

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. However, a combination of lower interest rates, continuing trade negotiations and a robust domestic labor market has quietened these fears.
    • Spreads narrowed during the week as the PACB deal rebounded somewhat. As mentioned above, we advise traders to be aware of changing earnings announcement dates.
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