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 31, 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 BITA, TECD, TIF & ADSW.
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 31, 2020
The Past
- CLOSURES
- WABCO Holdings (WBC) sucessfully closed during the past week
- FAILURES
- There were no deal failures from the previous list during the past week
- LIST REMOVALS
- There were no removals from the list during the week
- CLOSURES
The Present
- CONSTITUENTS
- The T20 continues to operate with an incomplete list of 19 constituent deals and 1 cash position
- 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 188.60%.
- CONSTITUENTS
| Date | Avg. Simple Spread | ECD* | Annualized Spread |
|---|---|---|---|
| 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% |
| May 29 | 18.18% | August 13 | 123.05% |
| Week Ending | Friday May 22, 2020 | ||
The Future
- EARNINGS
- Tiffany (TIF) has a scheduled earnings announcement on June 5
- DIVIDENDS
- There are no dividend announcements scheduled for the coming week from list members
- REGULATORY
- Portola Pharmaceuticals (PTLA) has a possible go shop expiry on June 4
- EXTRAORDINARY GENERAL MEETING
- The Meet Group (MEET) has a special meeting scheduled for June 4
- 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…
- A holiday shortened trading week saw little news on the economic front. As the gentle downward trend in new COVID-19 infections continues, businesses are tentatively beginning to re-emerge. Cyclical sectors have already outperformed as traders place bets on who will be first out of the gate. Economic assistance in Europe also helped to restore optimism in the global markets.
- Spreads narrowed slightly during the week. With one more deal closing, WBC, the index continues to operate with only 19 stocks. With the exception of a handful of smaller deals, the effects of COVID-19 on the M&A market continues. 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.
