This weekly column 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.
58.com (WUBA)
A press release on Friday detailing the time and place for the company's extraordinary general meeting sent the stock higher as this deal moves towards its final conclusion. To quote from