Merger Arbitrage Spreads
The merger arbitrage spreads list is a FREE list of the largest all-cash deal spreads trading on a major U.S. stock exchange. Namely, this is the most recent list update of Merger Arbitrage Spread List September 13, 2021. The FREE merger tracker spreadsheet below contains the latest essential deal information and criteria as per official company announcements. Thus providing the user with a merger arb spread tracker list and investable database of the largest 20 deal spread opportunities. We refer to this list of arbitrage spreads of pending mergers as the “T20 Index” & “T20 portfolio”. Finally, we demonstrate how examples of this information can provide a solid investment foundation.
Prior to the spread list we review the changes to the list and upcoming any announcements to list members in the “Past, Present & Future” Table. Following the list, we show the average annualized return for the aggregate merger arbitrage spread list using current returns and official expected closing dates.
Merger Arbitrage Spreads - Analysis Table
| The Past | |||
|---|---|---|---|
| Closures (Past & Pevious Index Members) | Cincinnati Bell (CBB) The New Home Company (NWHM) | ||
| Failures | None | ||
| Additional Index Removals | Forterra (FTRA) State Auto Financial Corporation (STFC) Nuance Communications (NUAN( PPD (PPD) CAI International (CAI) | ||
| The Present | |||
| Constituents | 20 constituent deals out of a maximum of 20 | ||
| New Deal Entry(s) | Kadmon Holdings (KDMN) Columbia Property Trust (CXP) | ||
| Existing Deal Entry(s) | Hill-Rom Holdings (HRC) Intersect ENT (XENT) Sportsman’s Warehouse (SPWH) | ||
| Largest Simple Spread | Magnachip Semiconductor (MX) - 67.63% | ||
| The Future for the week beginning September 13 | |||
| Earnings | New Frontier Health Corporation (NFH) | September 15 | |
| Dividends | State Auto Financial Corporation (STFC) Hill-Rom Holdings (HRC) | September 14 September 16 | |
| Extraordinary General Meeting | Raven Industries (RAVN) W. R. Grace & Co (GRA) | September 15 September 17 | |
| Hart-Scott-Rodino (Est.) | Translate Bio (TBIO) | September 13 | |
| Go-Shop Expiry (Est.) | None | - | |
We announce additional deal & stock trading related news pertinent to this week’s T20 Index 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.
Merger Arbitrage Spreads - Index List Eligibility Rules
Rules for inclusion in the largest cash merger arbitrage spread list are found on the Spread Tracker Rules page. This page also includes additional help and user guidelines. Common rules for inclusion on the investable database arbitrage list include (but are not limited to) minimum price. Lower stock prices and can have a dramatic effect on the percentage movement of a spread value. In addition, unlike some other data providers, we include dividends in the return calculation. Our forecast date for future ex-div dates uses historical payment dates in lieu of official announcements. For this reason, we calculate the final dividend amount up to the expected completion date as given by the parties involved.
Find us on Twitter @MergeArbLimited for the latest updates.
Merger Arbitrage Spread List September 13, 2021
NOTES:
Magnachip Semiconductor (MX) has not yet been updated to the latest $35.00 offer until further details are announced.
Translate Bio (TBIO) annualized return has been restricted to equalling the average of the remaining index constituents so as to limit the distortion on the average return
Average Potential Return for T20 Index Cash Merger Arbitrage Spreads
| Record Date | Expected Return | Expected Avg Closing Date | Annualized Return |
|---|---|---|---|
| August 8 | 7.05% | December 15, 2021 | 23.34% |
| August 15 | 8.14% | January 1, 2022 | 25.49% |
| August 22 | 8.31% | January 1, 2022 | 28.96% |
| August 29 | 7.76% | December 27, 2021 | 32.16% |
| September 5 | 7.31% | January 2, 2022 | 38.04% |
| September 12 | 9.36% | January 8, 2022 | 45.28% |
Additional Merger Arbitrage Resources
Complementary to our merger arbitrage spread list, you can also access more FREE trading 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 above
- 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 trader 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
