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.
A slight change to the format of the article this week. We have for some time voiced concern about the lack of new deals being announced in the cash merger arbitrage space. However, with the announcement