CIMC-TianDa Holdings (0445.HK) – Going Private – 8% Upside
Current Price: HK$0.246
Offer Price: HK$0.266
Upside: 8%
Expected Closing: December 2020
Author Archives: Ilja
Powerleader Science & Technology Group (8236.HK) – Going Private – 13% Upside
Current Price: HK$3.47
Offer Price: HK$3.92
Upside: 13%
Expected Closing: TBD
Consol Coal Resources (CCR) – Merger Arbitrage – 4% Upside
Current Price: $3.16
Offer Price: $3.28
Upside: 4%
Expected Closing: Q1 2021
Edgewater Bancorp (EGDW) – Merger Arbitrage – 15% Upside
Current Price: $37.55
Offer Price: $39.47-$43.22
Upside: 5%-15%
Expected Closing: Q2 2021
Driven Deliveries (DRVD) – Merger Arbitrage – 11% Upside
Current Price: $0.35
Offer Price: $0.39
Upside: 11%
Expected Closing: Late 2020
Atlas Technical Consultants (ATCXW) – Warrant Exchange – 25% Upside
Current Price: $0.99
Offer Price: $1.25
Upside: 25%
Expiration Date: 16th of November 2020
Wanda Sports Group (WSG) – Going Private – 11% Upside
Current Price: $2.25
Offer Price: $2.50
Upside: 11%
Expected Closing: TBD
Water Now (WTNW) – Liquidation – 40% Upside (very risky)
Current Price: $0.089
Liquidation Value: $0.125
Upside: 40%
Expiration date: early 2021
GMP Capital (GMP.TO) – Odd Lot Tender Offer – C$47 Upside
Current Price: C$1.94
Offer Price: C$2.42
Upside: C$47
Expiration Date: 18th of November
Gridsum Holdings (GSUM) – Going Private – 10% Upside
Current Price: $1.82
Offer Price: $2.00
Upside: 10%
Expected Closing: Q1 2021
Guide to Merger Arbitrage
Merger arbitrage has become a popular investment strategy used both by professional capital allocators and retail investors alike.
Nam Tai Property (NTP) – Activist Control – 70%+ Upside
Current Price: $10.1
Net Asset Value: $17.0-$27.0
Upside: 70%+
Expiration Date: TBD
Acorn International (ATV) – Going Private – 11% Upside
Current Price: $13.70
Offer Price: $15.22
Upside: 11%
Expected Closing: TBD
Riviera Resources (RVRA) – Liquidation – 27% Upside
Current Price: $1.73
Liquidation Value: $2.20
Upside: 27%
Expiration Date: TBD
Cellular Biomedicine Group (CBMG) – Going Private – 7% Upside
Current Price: $18.49
Offer Price: $19.75
Upside: 7%
Expected Closing: Q4 2020