MKGAF - Merger Arbitrage Analysis And Spread Performance - April 14 2019

This article explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited. We analyze the attractiveness and profitability of each spread going forward and indicate the trading position or action we have taken or intend to take based upon the analysis given.

Deal Spotlight

The biggest story of the week (but not perhaps the most surprising) was the official announcement on Monday of an agreed deal between Versum Materials (NYSE:VSM) and Merck KGaA (OTCPK:MKGAF