BKS - Merger Arbitrage Analysis And Spread Performance - June 16 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 Specifics

Winners were hard to come by this week. Although two other candidates performed well they were not included in last week’s portfolio because of trading above their current offer prices in the hope of