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.
Spark Therapeutics (ONCE)
Finally some good news from Spark Therapeutics this week. Although the CMA decision still hangs in the balance, FTC staff have issued their recommendation. Following an analysis of hemophilia treatments,