what is RISK arbitrage?

Risk arbitrage is an investment strategy involving cash or stock mergers. Until the acquisition is completed, the target stock typically trades below the purchase price. The buyer of the target stock makes a gain upon merger completion.

Friday 28 August 2015

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Shanda Games LimitedGAME4/6/2015CA$7.05CA$6.59225,910Unknown6.980
Belo CorpBLC6/13/2013CA$13.75CA$13.74684,77312/31/20130.070
Analysts International CorpANLY8/28/2013CA$6.45CA$6.443,90012/31/20130.160
Gentium S.p.A.GENT12/19/2013CA$57.00CA$55.0414,0593/31/20143.560
Pacer International, IncPACR1/6/2014CA$9.00CA$8.96815,6583/31/20140.450
Tower Financial CorpTOFC9/10/2013CA$16.48CA$23.541,0724/25/2014-30.010
ArthroCare CorpARTC2/3/2014CA$48.25CA$48.60916,4395/29/2014-0.720
Responsys IncMKTG12/20/2013CA$27.00CA$26.983,750,6816/30/20140.070
Coastal Contacts IncCOA2/27/2014CA$11.21CA$11.2921,0726/30/2014-0.750
OBA Financial Services IncOBAF4/8/2014CA$22.16CA$22.7539,7349/19/2014-2.610
Aeroflex Holding CorpARX5/20/2014CA$10.50CA$10.50406,7409/30/201400
OpenTable IncOPEN6/13/2014CA$103.00CA$102.953,651,5719/30/20140.050
XRS CorpXRSC9/2/2014CA$5.60CA$5.60010/31/201400
LSB Financial CorpLSBI6/4/2014CA$31.24CA$43.592,21511/1/2014-28.320
AMBIT BIOSCIENCES DLAMBI9/29/2014CA$15.00CA$15.60140,14012/31/2014-3.850
InterMune, IncITMN8/25/2014CA$74.00CA$73.895,16912/31/20140.150
Einstein Noah Restaurant Group IncBAGL9/29/2014CA$20.25CA$20.23142,01212/31/20140.10
IPC Healthcare IncIPCM8/4/2015CA$80.25CA$79.05308,35612/31/20141.520
PROSENSA HLDG NVRNA11/24/2014CA$17.75CA$19.00315,6662/11/2015-6.580
The Pantry IncPTRY12/18/2014CA$36.75CA$37.00630,9753/16/2015-0.680
MicroFinancial IncorporatedMFI12/15/2014CA$10.20CA$10.4343,6233/31/2015-2.210
Caesars Acquisition CompanyCACQ12/22/2014CA$5.62CA$6.9365,7463/31/2015-18.940
State Investors Bancorp IncSIBC12/30/2014CA$21.25CA$20.502,0056/30/20153.660
Exceed Co LtdEDS12/2/2013CA$1.78CA$2.0016,0107/31/2015-110
Pepco Holdings, IncPOM4/30/2014CA$27.25CA$23.406,574,5378/15/201516.450
Metalico IncMEA6/16/2015CA$0.60CA$0.53464,4768/31/201513.211606.92
Receptos IncRCPT7/14/2015CA$232.00CA$231.99643,1358/31/201500.52
Palmetto Bancshares IncPLMT4/22/2015CA$18.62CA$19.2613,6329/1/2015-3.3-301.32
Wright Medical Group IncWMGI10/27/2014CA$23.39CA$23.48288,5669/30/2015-0.38-4.19
Books-A-Million IncBAMM7/14/2015CA$3.25CA$3.182,9279/30/20152.224.35
Integrated Silicon Solution IncISSI3/12/2015CA$23.00CA$22.00324,9129/30/20154.5550.28
IGATE CorpIGTE4/27/2015CA$48.00CA$48.001,895,1049/30/201500
PMFG IncPMFG5/4/2015CA$6.85CA$6.3348,1309/30/20158.2190.86
Crestwd Midstr PrnCMLP5/6/2015CA$7.34CA$7.13804,1759/30/20152.9832.96
Trade Street Residential IncTSRE5/11/2015CA$6.80CA$6.7186,7439/30/20151.3915.32
Williams Partners LPWPZ5/13/2015CA$50.92CA$37.521,388,0029/30/201535.72395.08
Eagle Rock Energy Partners LPEROC5/21/2015CA$1.50CA$1.25503,2189/30/201519.88219.88
DealerTrack Technologies IncTRAK6/15/2015CA$63.25CA$62.881,039,3239/30/20150.596.51
Kythera Biopharmaceuticals IncKYTH6/17/2015CA$75.00CA$74.72628,0299/30/20150.374.14
Lumenis LtdLMNS6/18/2015CA$14.00CA$13.92413,6919/30/20150.576.36
SilverCrest Mines IncSVLC7/27/2015CA$0.85CA$0.87111,9879/30/2015-1.96-21.67
Hudson City Bancorp, IncHCBK8/27/2012CA$9.89CA$9.214,622,36910/31/20157.3842.08
Oneida Financial CorpONFC2/24/2015CA$19.97CA$20.4985010/31/2015-2.54-14.46
First Security Group IncFSGI3/25/2015CA$2.35CA$2.4548,29510/31/2015-4.08-23.28
LRR Energy LPLRE4/20/2015CA$4.46CA$3.95301,21310/31/201512.7872.91
Ryland Group IncRYL6/15/2015CA$42.14CA$42.351,177,43910/31/2015-0.49-2.81
Xoom CorpXOOM7/1/2015CA$25.00CA$24.832,182,10110/31/20150.683.9
Magnetek IncMAG7/27/2015CA$50.00CA$49.946,35810/31/20150.120.69
NTELOS Holdings CorpNTLS8/10/2015CA$9.25CA$9.16922,84311/15/20150.984.54
Baker Hughes IncBHI11/17/2014CA$57.56CA$49.204,411,48012/1/20151765.3
Sigma-Aldrich CorporationSIAL9/22/2014CA$140.00CA$139.015,426,49812/22/20150.712.24
Cleco CorpCNL10/20/2014CA$55.37CA$53.33527,37312/31/20153.8311.17
Hawaiian Electric Industries IncHE12/3/2014CA$25.03CA$29.00582,35612/31/2015-13.69-39.97
City National CorpCYN1/22/2015CA$87.84CA$86.61360,86012/31/20151.424.15
Office Depot IncODP2/4/2015CA$10.17CA$7.686,822,12512/31/201532.3894.54
Hospira IncHSP2/5/2015CA$90.00CA$89.845,841,85212/31/20150.180.52
Orbitz Worldwide IncOWW2/12/2015CA$12.00CA$11.422,435,67612/31/20155.0814.83
Freescale Semiconductor LtdFSL3/2/2015CA$36.19CA$35.712,903,10412/31/20151.333.89
Square 1 Financial IncSQBK3/2/2015CA$24.97CA$24.5588,22612/31/20151.694.94
Alliance Bancorp Inc of PennsylvaniaALLB3/3/2015CA$7.79CA$22.541,42412/31/2015-65.43-191.06
Ameriana BancorpASBI6/29/2015CA$23.12CA$22.3446,28812/31/20153.4810.15
WuXi PharmaTech (Cayman) Inc ADRWX8/14/2015CA$45.95CA$41.901,649,61112/31/20159.6728.22
Pall CorporationPLL5/13/2015CA$127.20CA$126.571,629,48312/31/20150.51.45
Time Warner Cable IncTWC5/26/2015CA$196.06CA$185.202,061,01012/31/20155.8717.13
OM Group IncOMG6/1/2015CA$34.00CA$33.19503,92812/31/20152.447.13
Altera CorporationALTR6/1/2015CA$54.00CA$47.914,389,58212/31/201512.7137.12
Naugatuck Valley Financial CorpNVSL6/4/2015CA$11.00CA$10.7421,77012/31/20152.427.07
HCC Insurance Holdings IncHCC6/10/2015CA$78.00CA$77.112,179,96812/31/20151.153.37
Louisiana Bancorp IncLABC6/18/2015CA$24.25CA$24.2543812/31/201500
Home Properties IncHME6/22/2015CA$75.23CA$74.14706,61712/31/20151.474.29
Martha Stewart Living Omnimedia IncMSO6/22/2015CA$6.15CA$6.02179,68312/31/20152.166.31
Towers Watson & CoTW6/30/2015CA$114.22CA$122.20661,60112/31/2015-6.53-19.06
Gramercy PptyGPT7/1/2015CA$21.88CA$22.55631,57312/31/2015-2.96-8.65
Remy InternationalREMY7/13/2015CA$29.50CA$29.32280,87912/31/20150.611.79
Markwest Energy Partners LPMWE7/13/2015CA$55.96CA$54.501,767,94212/31/20152.687.84
Vivint Solar IncVSLR7/20/2015CA$16.50CA$11.37971,74012/31/201545.12131.75
Thoratec CorporationTHOR7/22/2015CA$63.50CA$62.681,116,74812/31/20151.313.82
Cytec Industries IncCYT7/29/2015CA$75.25CA$73.481,190,80812/31/20152.417.03
Ikanos Communications IncIKAN8/6/2015CA$2.75CA$2.7359,15112/31/20150.732.14
Merge Healthcare IncMRGE8/6/2015CA$7.13CA$7.091,272,09912/31/20150.561.65
Yodlee IncYDLE8/10/2015CA$18.88CA$15.98104,14012/31/201518.1552.99
Rentech Nitrogen Partners LPRNF8/10/2015CA$13.75CA$13.12173,27312/31/20154.814.02
Planar Systems IncPLNR8/12/2015CA$6.58CA$5.80321,54012/31/201513.4539.27
Zulily IncZU8/17/2015CA$9.38CA$17.761,843,73712/31/2015-47.21-137.86
Dot Hill Systems CorpHILL8/18/2015CA$9.75CA$9.684,376,14212/31/20150.722.11
Steiner Leisure LtdSTNR8/21/2015CA$65.00CA$63.82254,26512/31/20151.855.4
Partnerre LtdPRE1/26/2015CA$140.50CA$137.84624,5503/31/20161.933.26
Broadcom CorporationBRCM5/28/2015CA$52.69CA$49.859,777,1273/31/20165.699.61
Chubb CorpCB7/1/2015CA$124.23CA$120.492,270,5043/31/20163.115.25
Health Net IncHNT7/2/2015CA$67.34CA$64.89629,5243/31/20163.786.39
StanCorp Financial Group IncSFG7/23/2015CA$115.00CA$113.37384,0853/31/20161.442.43
Metro Bancorp IncMETR8/4/2015CA$31.73CA$27.9095,8003/31/201613.7223.18
Precision Castparts CorpPCP8/10/2015CA$235.00CA$228.883,038,5983/31/20162.674.52
Southcoast Financial CorporationSOCB8/14/2015CA$13.35CA$12.8721,6703/31/20163.736.3
Cameron International CorporationCAM8/26/2015CA$64.57CA$59.9359,340,1443/31/20167.7513.1
OmniVision Technologies IncOVTI4/30/2015CA$29.75CA$23.29838,3144/30/201627.7441.15
Symetra Financial CorporationSYA8/11/2015CA$32.50CA$31.242,256,9754/30/20164.035.98
Alcatel-LucentALU4/15/2015CA$3.44CA$3.317,156,6746/30/20163.854.58
National Penn BancsharesNPBC8/17/2015CA$12.88CA$11.864,209,6646/30/20168.6410.27
CIGNA CorporationCI7/24/2015CA$176.64CA$137.552,226,47012/31/201628.4221.13
Humana IncHUM7/3/2015CA$221.66CA$180.731,384,67612/31/201622.6516.84
AGL Resources IncGAS8/24/2015CA$66.00CA$60.793,419,99412/31/20168.576.37

28 August 2015 - Merger added today is CAM (Cameron International Corporation)

One new merger acquisitions added today:
  • CAM: Cameron International Corporation
Schlumberger to Buy Cameron International for $12.7 Billion

26 August 2015 - Mergers added today STNR (Steiner Leisure Ltd) and GAS (AGL Resources Inc)

Two new merger acquisitions added today:
  • STNR: Steiner Leisure Ltd
  • GAS: AGL Resources Inc
Catterton to Acquire Steiner Leisure Ltd (STNR) for $65/Share Cash 
Southern Co., AGL Resources to merge electric, gas utilities