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 24, 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. A review and performance analysis of last weeks arbitrage list constituents is also now available featuring commentary on RRGB, BITA, FSCT & WBC.
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 24, 2020
The Past
- CLOSURES
- There were no deal closures from the previous list during the past week
- FAILURES
- There were no deal failures from the previous list during the past week
- 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)
- There were no new deals that enter 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 183.29%.
- CONSTITUENTS
| Date | Avg. Simple Spread | ECD* | Annualized Spread |
|---|---|---|---|
| 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% |
| May 15 | 16.93% | August 12 | 89.92% |
| May 22 | 17.04% | August 14 | 98.12% |
| Week Ending | Friday May 22, 2020 | ||
The Future
- EARNINGS
- Bitauto Holdings (BITA) has a scheduled earnings announcement on May 27
- Tech Data Corporation (TECD) has a scheduled earnings announcement on May 30
- DIVIDENDS
- There are no dividend announcements scheduled for the coming week from list members
- REGULATORY
- There are no regulatory announcements scheduled for this week
- EXTRAORDINARY GENERAL MEETING
- There are no special meetings scheduled for this week
- 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…
- Economic news was thin during a quite week leading up to the Memorial Day holiday shortened trading week. Investors embraced a sense of optimism of the reopening of global economies. However, tensions with China continue as the senate introduced a bill which could possibly lead to the de-listing of Chinese firm from U.S. exchanges.
- Spreads gave up more ground during the week with the focus being the potential invocation of a Material Adverse Effect clause at Forescout Technologies (FSCT). The market is awaiting more details from acquirer Advent as to whether or not the claim is related to the Covid-19 pandemic. 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.
