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
Mellanox (MLNX) climbed 0.45% or $0.54 to $119.81 and was the biggest gainer this week. On Tuesday, Mellanox announced Q1 results beating analysts' forecasts. No guidance has been given for future