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.
Deal Spotlight
The standout performer of the week was Integrated Device Technology (IDTI) whose stock climbed a massive 2.53%. The announcement came after the market close at the end of the previous