Monthly Archives: December 2017
NewStar Financial (NEWS) – CVR – 200% upside
Current Price – $11.72
Buyout Price – $11.44+CVR (valued at $0.84-$1.00)
Upside – 200% (relative to residual CVR price) or 6% (relative to full stock price)
Expiration Date – Q4 2017
Legend Gold (LGN.CVE) – Merger Arbitrage – 10% upside
Exactech (EXAC) – M&A Bidding War – 10%+ upside
Current Price – $50.55
Buyout Price – $55+ (if higher bid appears)
Upside – TBD (expected at least 10%)
Expiration Date – Q1 2018