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Merger Arbitrage Spread List January 26, 2020

Merger Arbitrage Spreads

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 January 26, 2020 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.We encourage traders and investors to perform their own due diligence before making investments. 

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
      • Xerox (XRX) and Hewlett Packard (HPQ)
      • Woodward (WWD) and Hexcel (HXL)
      • Dermira (DERM)
    • Visit our deals category for more pending all cash & stock deal acquisitions and takeovers, or click the blue link in the spreadsheet below
    • Visit our closed deals category to review past deals
    • 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 Spreads List - January 26, 2020

The Past

    • CLOSURES
      • Synthorx (THOR) is a previous list member whose deal closed during the week
    • FAILURES
      • There were no deal failures from the list during the past week
    • LIST REMOVALS
      • Tallgrass Energy (TGEis removed from the list this week as the spread falls outside the top 20 ranking
      • Zayo (ZAYO) is removed from the list this week as the spread falls outside the top 20 ranking

The Present

    • CONSTITUENTS
      • The T20 list operates 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)
      • Changyou.com (CYOU) is an existing deal that enters the list this week
      • Tech Data Corporation (TECD) is an existing deal that enters the list this week
    • LARGEST SPREAD
      • The largest simple spread this week is Red Robin Gourmet Burgers (RRGB) offering 14.98%.
    • AVERAGE SPREAD
      • The average spread of the T20 components is 3.47%, which is higher than the previous week.
      • The average completion date is May 10, 2020. This gives an annualized return of 12.34%. 
      • Previously, May 14, 8.92%

The Future

    • EARNINGS
      • Changyou.com (CYOU) has an expected earnings announcements on January 28
      • Anixter International (AXE) has an expected earnings announcements on January 28
      • Mellanox (MLNX) has an expected earnings announcements on January 29
      • Cypress Semiconductor (CY) has an expected earnings announcements on January 30
      • Kemet (KEM) has an expected earnings announcements on January 31
    • DIVIDENDS
      • There are no stocks from the index going ex-dividend during the coming week
    • REGULATORY
      • AquaVenture (WAAShas a possible HSR expiry on January 27
    • MEETINGS
      • Continental Building Products (CBPX) has a special meeting scheduled for January 29

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…

    • Economic and domestic news announcements took a back seat last week. Headlines were dominated by the coronavirus outbreak in China. As the markets flirted with new all-time highs some traders took the oppotunity to bank some profits.  Fears of more negative news coming out of China also caused the oil price to dip during the week.
    • Spreads widened during the week for the first time this year. RRGB continues to dominate proceeding having another volatile week. This is perhaps a good reminder that complacency has a habit of sneaking up on us even though we may have been expecting it. The hostile takeover of RRGB continues to be the largest simple spread at 14.45%.
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