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)
Spark Therapeutics rebounded strongly this week following recent declines. The company announced an extension to the tender offer. This is now scheduled to close on October 1. However, with the