AHL - Merger Arbitrage Analysis And Spread Performance - February 17 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 will take (if any).
Deal Specifics
Redhat (RHT) had another strong week and finished up 0.90%. Despite there being little direct news on the advancement on the deal with IBM it was reported that Berkshire had taken a stake. The simple spread