Current Price: C$0.74
Offer Price: C$0.94+
Upside: 27%+
Expected Closing: April/May 2021
M&A
Redflex Holdings (RDF.AX) – Merger Arbitrage – 6% Upside
Current Price: A$0.87
Offer Price: A$0.92
Upside: 6%
Expected Closing: May 2021
Bluma Wellness (BMWLF) – Merger Arbitrage – 13% Upside
Current Price: $1.18
Offer Price: $1.34
Upside: 13%
Expected Closing: early Q2 2021
Liberty Health Sciences (LHSIF) – Merger Arbitrage – 15% Upside
Current Price: $0.95
Offer Price: $1.09
Upside: 15%
Expected Closing: end of Q1 2021
Pfenex (PFNX) – CVR – 11% Upside (or 200% on CVR Investment)
Current Price: $12.65
Offer Price: $12.00 in cash + $2.00 CVR
Upside: 11% full investment or 200% on CVR investment
Expected Closing: Q4 2020
Input Capital (INP.V) – Merger Arbitrage – 13% Upside
Current price: C$1.56
Offer price: C$1.75
Upside: 13%
Expected closing: October 2020
Central European Media Enterprises (CETV) – Merger Arbitrage – 18% Upside
Current Price: $3.88
Offer Price: $4.58
Upside: 18%
Expected Closing: Q3 2020
Li & Fung (0494.HK) – Going Private – 13% Upside
Current Price: $1.11
Offer Price: $1.25
Upside: 13%
Expected Closing: 26th of May, 2020
Tegna (TGNA) – Merger Arbitrage – 45% Upside
Current Price: $13.73
Offer Price: $20
Upside: 45%
Expected Closing Date: TBD
Low & Bonar (LWB.L) – Merger Arbitrage – 40% Upside
Current Price: 11p
Offer Price: 15.5p
Upside: 40%
Expiration Date: expected in H1 2020