Tag: merger-arbitrage
Concepts
- Antitrust and Regulatory Deal Risk
- Appraisal Rights and Appraisal Arbitrage
- Hedging Cash vs Stock Deals
- Cash vs Stock Consideration
- Collar Deals and Cash/Stock Elections with Proration
- Competing Bids and Bumpitrage
- Implied Deal Completion Probability
- Deal Spreads and Break Risk
- The Merger Deal Spread and Its Components
- MAC Clauses and Deal Conditionality
- Sizing a Merger Arb Book
- Merger Arbitrage
- Risk-Arb Desks Before the Crowd Arrived
- SPAC Arbitrage
- Hedging a Stock-for-Stock Deal
- Stub Trading
- Tender Offer Arbitrage and the Odd-Lot Trick
- Tender Offers and Takeover Mechanics
- Trading Contingent Value Rights