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.
Acacia Communications (ACIA)
Monday morning greeted us with some positive, yet not wholly unexpected news. Acacia Communications announced the German Federal Cartel office had granted regulatory approval for the proposed takeover by Cisco (