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CDOR - Merger Arbitrage Mondays - A Large Number Of Rumored Deals But No Cigar
Condor Hospitality Trust Inc.
Merger activity sputtered to a stop again last week with no new deals announced and one deal closing. This is the fifth week this year with no new deals announced. There were however some potential deals that were announced last week.
On Monday, May 11, 2020, according to Bloomberg, Amazon.com (AMZN) had discussed a potential takeover of AMC Entertainment Holdings (AMC). At a time when the COVID-19 pandemic has resulted in a significant increase in demand for meal-delivery business, Uber Technologies (UBER) announced that it is seeking to acquire