Merger Arbitrage Spread List November 17, 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 17, 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 17, 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
      • OMNOVA (OMN) is removed from the list this week as the spread is less than $0.05
      • Genesee & Wyoming (GWR) is removed from the list this week as the spread is not ranked in the top 20

The Present

    • CONSTITUENTS
      • The T20 list now operates again with a complete complement of 20 constituents
    • NEW DEALS ENTRY(S)
      • Kemet (KEM) is the only new deal announced that made our list from the previous week
    • 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 71.31%.
    • AVERAGE SPREAD
      • The average spread of the T20 components is 9.34%, which is a significantly higher than last week.
      • The average completion date is April 23, 2020. This gives an annualized return of 23.74%. 
      • Previously, April 8, 23.00%.

The Future

    • EARNINGS
      • There are no earnings from the list scheduled to be announced this week
    • DIVIDENDS
      • There are no expected ex dividend dates scheduled for this week
    • REGULATORY
      • There is a possible go shop expiry for Innophos (IPHS) on November 20
      • There is a possible HSR expiry for Cision (CISN) on November 21
      • There is a possible HSR expiry for Ra Pharmaceuticals (RARX) on November 22
    • MEETINGS
      • There are no expected special meetings scheduled for this 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…

    • A possible breakthrough in the continuing trade negotiations has led to a marked decline in market volatilty. However, underlying issues in the global economy remain and risk needs to be assessed in the context of the eventual outcome of the trade deal.
    • Spreads widened significantly during the week as the FIT, CYOU & RRGB fell.
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