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)
Acacia Communications was the biggest winner for the week. In a week of slow merger and acquisition deal news, the stock rose 1.15% to close at $65.35 against an offer price