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 will take (if any).
Deal Specifics
Tribune Media Company (TRCO) declined 0.50% during the week. Most of this decline was on Friday with no explanation for the drop. Acquirer Nexstar Media Group was reported by Bloomberg to be close to finalizing a