InnerWorkings (INWK) – Merger Arbitrage – 8% Upside
Current Price: $2.78
Offer Price: $3.00
Upside: 8%
Expected Closing: Q4 2020
Tag Archives: arbitrage
Metlifecare (MET.NZ) – Merger Arbitrage – 52% Upside
Current Price: NZ$4.62
Offer Price: NZ$7.00
Upside: 52%
Expected Closing: TBD
Gilat Satellite Networks (GILT) – Merger Arbitrage – 22% Upside
Current Price: $7.20
Offer Price: $8.75
Upside: 22%
Expected Closing: H2 2020
Tiffany (TIF) – Merger Arbitrage – 16% Upside
Current Price: $116
Offer Price: $135
Upside: 18%
Expected Closing: Late 2020 / Early 2021
Liberty SiriusXM (LSXMK) – Discount Mean Reversion – 10% Upside
Current Discount: 38%
Average Discount: 28%
Upside: 10%
Expiration Date: TBD
NIBC Holding (NIBC.AS) – Merger Arbitrage – 37% Upside
Current price: €7.21
Offer price: €9.85 (updated offer €7.53)
Upside: 37%
Expected closing: H2 2020
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.