Merger Arbitrage Spread List December 22, 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 22, 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
    • 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 22, 2019

The Past

    • CLOSURES
      • ONCE completed during the past week
      • PSDO completed during the past week
    • FAILURES
      • There were no deal failures during the week
    • LIST REMOVALS
      • Zayo (ZAYO) is removed from the list this week as the spread falls outside the top 20 ranking
      • Wesco Aircraft (WAIR) 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)
      • There are no new deals that enter our list this week
    • EXISTING DEAL ENTRY(S)
      • Audentes Therapeutics (BOLDis an existing deal that enters the list this week
      • Aircastle Limited (AYR) is an existing deal that enters the list this week
      • Kemet (KEM) is an existing deal that enters the list this week
      • Continental Building Products (CBPX) 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 51.23%.
    • AVERAGE SPREAD
      • The average spread of the T20 components is 7.04%, which is quite lower than last week.
      • The average completion date is April 16, 2020. This gives an annualized return of 23.42%. 
      • Previously, March 18, 30.26%

The Future

    • EARNINGS
      • There are no expected earnings announcements from list constituents this week
    • DIVIDENDS
      • Cypress Semiconductor (CY) goes ex-dividend on December 24 for $0.115
    • REGULATORY
      • There is a possible Go-shop expiry for The Medicines Company (MDCO) on December 23
      • There is a possible Go-shop expiry for Continental Building Product (CBPX) on December 24
    • MEETINGS
      • Pivotal Software (PVTL) has a special meeting scheduled for December 27

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…

    • The market remains untroubled by domestic political machinations and continues to power ahead regardless. A favorable regulatory decision from the UK has enabled ONCE to close successfully. This has provided a happy end of year outcome to a volatile ride and demonstrated the risk (ie price movement) involved in trading merger arbitrage.
    • Spreads narrowed drastically during the week as RRGB rebounded strongly and ONCE closed. This has effected the composition of the most influential spreads in the index.
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