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.
Red Robin Gourmet Burgers (RRGB)
Red Robin continued its volatile roller coaster ride this week. Following the previous period's 50%+ rebounded, last week the stock slipped back. Interestingly, many of the new reports surrounding