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TGE - Merger Arbitrage Mondays - 7 Deals Close But Spreads Remain Wide
Tallgrass Energy LP Class A Shares
Merger activity increased last week with one new deal announced and seven deals closing. At a time when more than 10 deals trade with spreads of over 30% and 23 trade with spreads of over 10%, it is encouraging to see so many deals close including the acquisition of Sprint by T-Mobile (TMUS). The wide spreads continue to point to uncertainty related to the COVID-19 situation and we wrote the following last week,
If the economic situation deteriorates further and impacted industries are not able to benefit from the massive $2 trillion stimulus package that