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 19, 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. A review and performance analysis of last weeks arbitrage list constituents is also now available featuring commentary on TGE, IOTS, BREW & FIT.
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 all cash acquisitions & stock deal mergers and takeovers, or click the blue link in the spreadsheet below
- Visit our closed deals or failed deals categories 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 12, 2020
The Past
- CLOSURES
- Tallgrass Energy (TGE) successfully closed on April 16
- Changyou.com (CYOU) successfully closed on April 17
- FAILURES
- There were no deal failures from the list during the past week
- LIST REMOVALS
- There were no additional list removals during the week
- CLOSURES
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)
- El Paso Electric (EE) is existing deal that reenters our list this week
- Legg Mason (LM) is existing deal that reenters our list this week
- LARGEST SPREAD
- The largest simple spread this week is Red Robin Gourmet Burgers (RRGB) offering 241.01%.
- CONSTITUENTS
| Date | Avg. Simple Spread | ECD* | Annualized Spread |
|---|---|---|---|
| March 27 | 24.81% | May 13 | 459.07% |
| April 03 | 33.66% | May 31 | 520.78% |
| April 10 | 20.63% | June 15 | 182.15% |
| April 17 | 18.27% | June 30 | 128.80% |
| Week Ending | Friday April 17, 2020 | ||
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
- There are no regulatory announcements scheduled for this week
- MEETINGS
- Wright Medical (WMGI) has a special meeting scheduled for April 24
- EARNINGS
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…
- Unemployment claims continue to stun the markets. However, the U.S. government is actively looking to re-open parts of the country and get the economy going once again. The markets have responded in kind, although health experts continue to warn about he dangers of a premature opening.
- Spreads held firm during the week. More deals continue to consummate successfully but a lack of new offerings means the list grows shorter each week. For now, the index retains a full compliment of constituents, although going forward there will be slim pickings as the coronavirus continues to wreck havoc on the global economy. For a more in depth discussion of how the COVID-19 pandemic is effecting merger arbitrage investing, see our article Covid-19 and Merger Arbitrage Trading.
