Liberty SiriusXM (LSXMK) – Discount Mean Reversion – 10% Upside
Current Discount: 38%
Average Discount: 28%
Upside: 10%
Expiration Date: TBD
Tag Archives: arbitrage
Correvio Pharma (CORV) – Merger Arbitrage – 30% Upside
Current Price: $0.32
Offer Price: $0.42
Upside: 30%
Expected Closing Date: Q2 2020
Craft Brew Alliance (BREW) – Merger Arbitrage – 50% Upside
Current Price: $11.11
Offer Price: $16.50
Upside: 50%
Expected Closing Date: 2020
Kemet (KEM) – Merger Arbitrage – 30% Upside
Current Price: $21.14
Offer Price: $27.20
Upside: 30%
Expected Closing Date: H2 2020
Bitauto (BITA) – Merger Arbitrage – 50% Upside
Current price: $10.45
Consideration price: $16.00
Upside: 50%
Expiration date: TBD
Carroll Bancorp (CROL) – Merger Arbitrage – 13% Upside
Current Price: $19.1
Offer Price: $21.63
Upside: 13%
Expected Closing Date: Q3 2020
Cineplex (CGX.TO) – Merger Arbitrage – 7% Upside
Current Price: C$31.70
Offer Price: C$34.00
Upside: 7%
Expected Closing: Q2 2020
Standard Diversified (SDI) – Merger Arbitrage – 9% Upside
Current Price: $13.85
Merger Consideration: $15.1
Upside: 9%
Expected Closing Date: Q3 2020
iPass (IPAS) – Merger Arbitrage – 12% Upside
Transalta (TA-PD.TO) – Exchange Offer – 2.7% upside
Arbitrage Trade
Upside – 2.7%
Expiration Date – Q1 2017
This idea was suggested to me by one reader of the site – it’s an arbitrage trade in Canadian preferred shares. Upside is tiny, but the deal itself is interesting – so I decided to write it up. I have a small position mainly to track how this transaction plays out.
Coats Group (COA.LN) – Forced Selling – 10% upside
This special situation results from recent forced selling due to delisting from Australia and New Zealand exchanges.
Long investors in Coats Group (listed in London Stock Exchange) stand to make 10%+ if prices revert to back to previous 30p/share vs current GBP 26p/share.