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.
Cypress Semiconductor
Cypress Semiconductor (CY) is proving to be a dark horse within the portfolio. Last week it was the best performer and finished up 0.81% at $22.24. The stock went ex-dividend during the