Atlas Technical Consultants (ATCXW) – Warrant Exchange – 25% Upside
Current Price: $0.99
Offer Price: $1.25
Upside: 25%
Expiration Date: 16th of November 2020
Inactive ideas
Active ideas
Inactive ideas
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.
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
Nomad Foods (NOMD) – Odd Lot Tender Offer – $100 Upside
Current Price: $24.45
Offer Price: $23.00-$25.50
Upside: $100 (for odd-lots)
Expiration Date: 9th of September
Marchex (MCHX) – Tender Offer – 6% Upside
Current Price: $1.72
Offer Price: $1.96
Upside: 14%
Expiration Date: expected early October 2020
Renaissance Gold (REN.V) – Merger Arbitrage – 22% Upside
Current Price: C$0.60
Offer Price: C$0.73
Upside: 22%
Expected Closing: Q3 2020
Dundee Corporation (DC-PB.TO) – Odd Lot Tender Offer – C$139 Upside
Current Price: C$17.31
Offer Price: C$16.00-C$18.50
Upside: C$139 (if priced at the upper limit)
Expiration Date: 27th of August 2020
Grifols (GRFS) – Discount Mean Reversion – 8% Upside
Current Discount: 36%
Average Discount: 28%
Upside: 8%
Expiration Date: TBD
BMW Group (BMW.DE) – Discount Mean Reversion – 7% Upside
Current Discount: 23%
Average Discount: 16%
Upside: 7%
Expiration Date: TBD