Merger Arbitrage Spread List December 29, 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 29, 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 29, 2019

The Past

    • CLOSURES
      • Carbonite (CARB) closed during the past week
    • FAILURES
      • There were no deal failures during the week
    • LIST REMOVALS
      • Kemet (KEM) is removed from the list this week as the spread falls outside the top 20 ranking
      • Wright Medical (WMGIis removed from the list this week as the spread falls outside the top 20 ranking
      • Genesee & Wyoming (GWR) is removed from the list this week as the spread falls outside the top 20 ranking
      • The Medicines Company (MDCOis removed from the list this week as the spread falls outside the top 20 ranking
      • El Paso Electric (EEis 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)
      • Care.com (CRCM) is a new deals that enter our list this week
    • EXISTING DEAL ENTRY(S)
      • Advanced Disposal Services (ADSWis an existing deal that enters the list this week
      • Zayo (ZAYOis an existing deal that enters the list this week
      • Tech Data Corporation (TECD) is an existing deal that enters the list this week
      • Tallgrass Energy (TGE) 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 52.67%.
    • AVERAGE SPREAD
      • The average spread of the T20 components is 6.73%, which is marginally lower than last week.
      • The average completion date is April 9, 2020. This gives an annualized return of 25.68%. 
      • Previously, April 16, 23.42%

The Future

    • EARNINGS
      • There are no expected earnings announcements from list constituents this week
    • DIVIDENDS
      • Pattern Energy Group (PEGIgoes ex-dividend on December 30 for $0.425
    • REGULATORY
      • Audentes Therapeutics (BOLD) has a a possible HSR expiry on January 2
      • AVX Corporation (AVXhas a a possible HSR expiry on January 3
    • MEETINGS
      • Fitbit (FIT) has a special meeting scheduled for January 3

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…

    • New deals continue to be announced and closed to the great delight of traders. The current outlook for merger arbitrage looks bright as we look to start the new year on the right foot.
    • Spreads narrowed slightly during the week as a number of deals performed well. PACB & BITA continued to be a major source of volatility in the index.
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