STDY - Merger Arbitrage Mondays: August 13 2018
Merger activity decreased last week with three new deals announced and one pending deal closing. We also had two deals that failed as discussed in the deal updates section below. After several years of low deal failures (more than 95% of all deals closed), 2018 has turned out to be a difficult year with 11 deals failing since the start of the year. Nearly half of these deals failed on account of regulatory issues. Even if all active deals close this year (an unlikely scenario) and based on the number of new announcements we see