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 Specifics
The biggest winner for the week was Spark Therapeutics (ONCE), up 2.50%. This deal is still some way from obtaining the required number of shares to be tendered. The latest extension