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Merger Arbitrage Spread List April 5, 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 April 5, 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. Review our strategy section and make risk arbitrage part of your investment strategy. Review our strategy section and make risk arbitrage part of your investment strategy. review and performance analysis of last weeks arbitrage list constituents is also now available featuring commentary on IOTSRRGB, BITA & WMGITGE.

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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
      • 58.com (WUBA)
      • Tech Data Corporation (TECD)
      • AON (AON) and Willis Towers Watson (WLTW)
      • Tegna (TGNA)
      • The Meet Group (MEET)
    • 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 Spread List April 5, 2020

The Past

    • CLOSURES
      • AVX Corporation (AVX) successfully closed on March 30
      • AquaVenture (WAAS) successfully closed on March 30
      • Ra Pharmaceuticals (RARX) successfully closed on April 1
      • Instructure (INST) successfully closed on March 27
    • FAILURES
      • There were no deal failures from the list during the past week
    • LIST REMOVALS
      • Forty Seven (FTSV) 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 the list this week
    • EXISTING DEAL ENTRY(S)
      • LogMeIn (LOGM is existing deal that reenters our list this week
      • The Meet Group (MEET) is existing deal that reenters our list this week
    • LARGEST SPREAD
      • The largest simple spread this week is Red Robin Gourmet Burgers (RRGB) offering 442.74%.
    • AVERAGE SPREAD
      • The average spread of the T20 components is 33.66%, which is significantly lower than last week’s astronomical figure.
      • The average completion date is May 31, 2020. This gives an annualized return of 520.78%. 
      • Previously, May 13 459.07%

The Future

    • EARNINGS
      • There are no earnings announcements scheduled for the coming week from list members
    • DIVIDENDS
      • There are no dividend announcements scheduled for the coming week from list members
    • REGULATORY
      • Forty Seven (FTSV)  has a possible HSR expiry on April 6
      • The Meet Group (MEET)  has a possible HSR expiry on April 9
    • MEETINGS
      • Anixter International (AXE) has a special meeting scheduled for April 9

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 data suggesting how severe the slowdown in global growth continues to haunt markets. Although initial data was broadly in line with expectations, it is the duration which troubles markets. Speculating when the economy will return to any sense of normality is fraught with danger. The forthcoming effect of a slowdown in U.S. consumer spending following unprecedented jobless claims will not yet be felt for some time.
    • Spreads have widened during the week. Deals have continued to close which were close to doing so before the Covid-19 pandemic. However, new deals are few and far between. Although traders still have something to work with in the meantime, going forward, there will be slim pickings.
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