Bexil (BXLC) – Odd Lot Tender Offer – 12% Upside
Current Price – $11.8
Tender Consideration – $13.25
Upside – 12%
Expiration Date – August 9, 2018
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General Growth Properties (GGP) – Merger Arbitrage – 7.6% upside
Tortoise MLP Fund (NTG-RI) – Rights Offering – 37% Upside
NXP Semiconductors (NXPI) – Merger Arbitrage – 19% Upside
Dr. Pepper Snapple (DPS) – Merger Arbitrage – 8% Upside
Current Price – $119
Merger Consideration - $103.75 + KDP Stub
Upside – 8%
Expiration Date – Jul 2018
Red Star Macalline (1528.HK) – Tender Offer – 16% Upside
Current Price – HK$10.44
Tender Consideration - H$11.78 + HK$0.39 in dividends
Upside – 16.5%
Expiration Date – 6th July, 2018
Central Steel & Wire (CSTW) – Merger Arbitrage – 6% Upside
Sitestar (SYTE) – Reverse Split – $15 Free Upside
Biglari Holdings (BH) – Forced Selling & Expected Repurchases – 20% upside
Aberdeen Emerging Markets (AEF) – Expected Tender Offer – 6% upside
Current Price – $8.83
Expected Tender Price – $9.38
Upside – 6% (assuming constant NAV)
Expiration Date – June 19, 2018
Ash Grove Cement (ASHG) – Merger Arbitrage – 3%-6% Upside
Liberty SiriusXM (LSXMK) – Discount Mean Reversion – 10%+ upside
Current Price – $40.9
Target Price – $47 (assuming discount to SIRI reverts to historical 20%)
Upside – 10%+
Expiration Date – TBD
Aveda Transportation & Energy (AVE.V) – CVR – 45% Potential Upside
Current Price – C$0.95
Merger Consideration - C$0.90 + C$0.45 Earnout
Upside – 45%
Expiration Date – 30th of May, 2018