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.
Tech Data Corporation (TECD)
A strong rise on Monday was enough to propel Tech Data Corporation to the top of the best performing merger arbitrage spreads last week. The move comes despite no official deal