Merger Arbitrage Spread Performance – 04 November 2018

This week’s star performer yet again was NXTM gaining 2.37%. This continues the upward move beginning with last weeks announcement by the German firm moving the expected completition date to November 5th. Following this weeks earnings announcemnet the stock has risen yet again but still has an additional 5% left in the spread. Last weeks worst performer, RCII, 1.87% comes in second this week following its own earnings announcement and posting consistent gains throughout the week. In third place also showing a strong performance is IDTI 1.52% which was the second largest faller last week. Solid gains throught the week also followed it earnings announcement. AVA  was another rebounder this week in 4th place up 1.50%. Results are due out Monday. Other climbers of note were CA up 1.09%, AFSI 0.98%, USG 0.99% and ABCD 0.63%.

This week’s worst performer, ECYT dropped 0.59% a following the filing of its preliminary form 14A Proxy Statement. The only other fallers this week were minor and included VVC 0.13%, DNB 0.05% and MZOR 0.07%.