AVA - Merger Arbitrage Analysis And Spread Performance - January 27 2019
This article explains the reasons behind the movement in a selection of the largest U.S.-based cash merger arbitrage spreads from the past week. We also analyze the attractiveness and profitability of each spread going forward and indicate the trading position or action we have taken (if any).
Deal Specifics
Arris International (ARRS) gained 0.94% during the week on little merger related news. Analysts now expect EPS to be $0.76 on when the company reports earnings on February 13 as opposed to $0.81 previously. Despite this, the refiled HSR waiting period is set to