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 May 10, 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 RRGB, BITA, RESI & BREW.
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 May 10, 2020
The Past
- CLOSURES
- There were no deal closures from the previous list during the past week
- FAILURES
- Front Yard Residential (RESI) deal was abandoned on Monday 4 May
- LIST REMOVALS
- There were no additional removals from the list this week
- CLOSURES
The Present
- CONSTITUENTS
- The T20 list operates with a full complement of 20 constituent deals
- NEW DEALS ENTRY(S)
- Portola Pharmaceuticals (PTLA) is a new deal that enters the list this week
- EXISTING DEAL ENTRY(S)
- There are no existing deals that enter the list this week
- LARGEST SPREAD
- The largest simple spread this week is Red Robin Gourmet Burgers (RRGB) offering 179.92%.
- CONSTITUENTS
| Date | Avg. Simple Spread | ECD* | Annualized Spread |
|---|---|---|---|
| April 03 | 33.66% | May 31 | 520.78% |
| April 10 | 20.63% | June 15 | 182.15% |
| April 17 | 18.27% | June 30 | 128.80% |
| April 24 | 17.32% | June 24 | 160.07% |
| May 1 | 15.45% | July 9 | 113.82% |
| May 8 | 13.76% | July 14 | 101.84% |
| Week Ending | Friday May 8, 2020 | ||
The Future
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….still rising….Although the good news is that most of the lay-offs are expected to be temporary. However, April’s total job losses still topped more than 20m wiping out the gains made over the previous 10 years since the last recession. Oil also continues to bounce back as production cuts across the board (geographically) come into force.
- Spreads held reasonably firm during the week when considering the abandonment of the RESI deal. With pickings becoming slim it was perhaps fortunate there were no new deal closures this week. There were however some new deal announcements. Too soon to get too excited but we’re happy to take it. The index maintains a full complement of constituents as the coronavirus continues unabated through the U.S. 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.
