Merger Arbitrage Spread List December 8, 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 December 8, 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.

Additional Merger Arbitrage Resources

Complementary to our merger arbitrage spread list, you can also access more FREE content using the menu bar above.

    • Quickly obtain merger details and news updates on selected deals such as
      • Audentes Therapeutics (BOLD) 
      • Instructure (INST)
    • Visit our deals category for more pending acquisitions and takeovers or click the blue link in the spreadsheet below
    • Scroll through the listings on the “performance” and “strategy” pages to view our regular weekly output
    • In addition, to the right you can see what everyone else is reading in “Recent Posts” or click on the “Categories” links
    • Download our FREE to use Excel merger arbitrage spread calculation tool. This can calculate any stock-for-stock deal spreads you may be interested in trading along with detailed instructions for use. Investors can also use this tool in a pairs trading strategy

Merger Arbitrage Spread List December 8, 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
      • Aircastle Limited (AYR) is removed from the list this week as the spread falls outside the top 20 ranking
      • Pattern Energy Group (PEGI) is removed from the list this week as the spread falls outside the top 20 ranking

The Present

    • CONSTITUENTS
      • The T20 list now operates once again with a full complement of 20 constituent deals
    • NEW DEALS ENTRY(S)
      • Audentes Therapeutics (BOLD) is a new deal that enters our list this week
    • EXISTING DEAL ENTRY(S)
      • The Medicines Company (MDCO) is an existing deal that enters the list this week
    • LARGEST SPREAD
      • The largest simple spread this week is Pacific Biosciences of California (PACB) offering 60.00%.
    • AVERAGE SPREAD
      • The average spread of the T20 components is 8.18%, which is marginally higher than last week.
      • The average completion date is March 29, 2020. This gives an annualized return of 28.63%. 
      • Previously, April 11, 23.23%

The Future

    • EARNINGS
      • There are no expected earnings announcements from list constituents this week
    • DIVIDENDS
      • El Paso Electric (EE) goes ex-dividend on December 13 for $0.385
    • REGULATORY
      • There is a possible Go shop expiry for Tech Data Corporation (TECD) on December 9
      • There is a possible Go shop expiry for Pattern Energy Group (PEGI) on December 9
      • There is a possible HSR expiry for Kemet (KEM) on December 12
      • There is a possible Go shop expiry for Kemet (KEM) on December 12
      • There is a possible HSR expiry for Craft Brew Alliance (BREW) on December 12
      • There is a possible Go shop expiry for Craft Brew Alliance (BREW) on December 12
      •  There is a possible HSR expiry for Continental Building Products (CBPX) on December 13
      • There is a possible HSR expiry for Tech Data Corporation (TECD) on December 13
    • 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 dates may include estimated dates. Traders are advised to check for updates on this site or via our twitter feed.

And Finally…

    • Global manufacturing continues to improve underscoring positive sentiment in the markets. Speculation is rife that the U.S. manufacturing cycle will reverse its downward trend. A continuing employment position with rising wages is also helping sustain the broader upward market movement.
    • Spreads widened marginally during the week as FIT & PACB declined.
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