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.
Mellanox
This week's strongest performer was Mellanox (MLNX), which finished the week up 1.35%. As is a common theme this week, there was little news to report. Spread movements have been widely influenced by