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.

For research and analysis on specific merger arbitrate opportunities visit: Merger Arbitrages.

Friday 22 July 2016

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Caesars Acquisition CompanyCACQ12/22/2014$4.63$10.9229,2023/31/2016-57.620
Alcatel-LucentALU4/15/2015$3.20$3.465,675,5073/31/2016-7.490
SolarWinds IncSWI10/21/2015$60.10$31.0010,2003/31/201693.870
Breeze-Eastern CorpBZC11/19/2015$19.61$19.8048,0093/31/2016-0.960
CommunityOne BancorpCOB11/23/2015$12.93$13.1512,0903/31/2016-1.640
iDreamSky Technology LtdDSKY12/31/2015$13.95$13.63107,6595/31/20162.350
Alere IncALR2/1/2016$56.00$44.241,522,0006/30/201626.580
SL Industries IncSLI4/7/2016$40.00$39.998616/30/20160.030
KLA-Tencor CorpKLAC10/21/2015$77.60$76.67586,7086/30/20161.220
Fidelity & Guaranty LifeFGL11/9/2015$26.80$22.29212,5466/30/201620.230
C1 Financial IncBNK11/9/2015$25.00$23.59236,4506/30/20165.980
Starwood Hotels & Resorts Worldwide IncHOT11/16/2015$76.90$76.69653,3306/30/20160.270
Fairchild Semiconductor Intl IncFCS11/18/2015$20.00$19.79507,2426/30/20161.060
National Holdings CorporationNHLD4/28/2016$3.25$3.0991,0456/30/20165.180
Questar CorporationSTR2/1/2016$25.00$25.20334,8316/30/2016-0.790
Multi-Fineline Electronix IncMFLX2/4/2016$23.95$23.1324,5496/30/20163.550
Tumi Holdings IncTUMI3/3/2016$26.75$26.70711,0406/30/20160.190
Hansen Medical IncHNSN4/20/2016$4.00$4.0020,1966/30/201600
Wilshire Bancorp IncWIBC12/7/2015$11.07$11.06275,5117/29/20160.15.43
Xenith Bankshares IncXBKS2/10/2016$8.10$8.343,8377/29/2016-2.93-152.55
SMART Technologies IncSMT5/26/2016$4.50$4.4910,9987/31/20160.229.03
First Niagara Financial Group IncFNFG10/30/2015$10.34$10.322,033,7408/1/20160.176.22
Apollo Residential Mortgage IncAMTG2/26/2016$14.45$13.69282,2238/15/20165.5484.21
Nortek IncNTK7/6/2016$86.00$86.50138,6108/31/2016-0.58-5.27
China Nepstar Chain Drugstore Ltd (ADR)NPD3/16/2016$2.57$2.5070,5589/30/20162.814.6
Hutchinson Technology IncorporatedHTCH11/2/2015$4.00$3.3270,4269/30/201620.48106.8
Textura CorpTXTR4/28/2016$26.00$25.99329,4159/30/20160.040.2
Firstmerit CorpFMER1/26/2016$20.89$20.79518,7289/30/20160.492.58
LinkedInLNKD6/13/2016$196.00$189.55883,5449/30/20163.417.74
FEI CompanyFEIC5/27/2016$107.50$106.40260,7039/30/20161.035.39
Marketo IncMKTO5/31/2016$35.25$35.11428,6269/30/20160.42.08
Rofin Sinar Technologies IncRSTI3/16/2016$32.50$32.0262,0069/30/20161.57.82
Polycom IncPLCM4/15/2016$12.50$12.382,480,4349/30/20160.975.05
Cvent IncCVT4/18/2016$36.00$34.041,080,7079/30/20165.7630.02
Examworks Group IncEXAM4/27/2016$35.05$35.051,181,0389/30/201600
TiVo IncTIVO4/29/2016$10.70$10.48902,2869/30/20162.110.95
Krispy Kreme DoughnutsKKD5/9/2016$21.00$20.971,101,9669/30/20160.140.75
Cnova NVCNV5/12/2016$5.50$4.991,0659/30/201610.2253.29
Incontact IncSAAS5/18/2016$14.00$13.81534,1619/30/20161.387.17
China Metro-Rural Holdings LimitedCNR5/20/2016$1.03$1.15225,1969/30/2016-10.43-54.41
Xura IncMESG5/23/2016$25.00$24.74113,0609/30/20161.055.48
Mines Management IncMGN5/24/2016$0.86$1.23214,7119/30/2016-30.21-157.55
SciQuest IncSQI5/31/2016$17.75$17.72790,0839/30/20160.170.88
Celator Pharmaceuticals IncCPXX5/31/2016$30.25$30.241,0009/30/20160.030.17
Electro Rent CorporationELRC5/31/2016$15.50$15.4674,2109/30/20160.261.35
Rose Rock Midstream LPRRMS5/31/2016$25.86$26.03154,7189/30/2016-0.64-3.32
Qlik Technologies IncQLIK6/2/2016$30.50$30.042,784,8809/30/20161.537.98
The First Marblehead CorporationFMD6/3/2016$5.05$4.9625,7949/30/20161.819.46
Transition Therapeutics IncTTHI6/30/2016$1.62$1.6056,7149/30/20161.447.51
Higher One Holdings IncONE6/30/2016$5.15$5.14217,2919/30/20160.191.01
ReachLocal IncRLOC6/27/2016$4.60$4.5996,2769/30/20160.221.14
Skullcandy IncSKUL6/24/2016$5.75$6.03786,5699/30/2016-4.64-24.21
Ceres IncCERE6/17/2016$0.40$0.4056,5719/30/201600
Aegerion Pharmaceuticals, IncAEGR6/15/2016$1.47$1.53118,8259/30/2016-4.14-21.6
QLogic CorporationQLGC6/15/2016$14.80$15.23550,1489/30/2016-2.82-14.71
Imprivata IncIMPR7/13/2016$19.25$19.00636,8879/30/20161.326.86
Talmer Bancorp IncTLMR1/26/2016$20.17$20.11165,0559/30/20160.31.55
Tyco International plcTYC1/25/2016$42.33$43.233,423,26710/1/2016-2.09-10.75
AVG Technologies NVAVG7/7/2016$25.00$24.70669,68210/15/20161.215.22
Media General IncMEG1/27/2016$17.43$17.891,181,87410/31/2016-2.57-9.28
EMC CorporationEMC10/12/2015$31.81$28.1714,102,67410/31/201612.9446.75
Resource America IncREXI5/23/2016$9.78$9.7524,35110/31/20160.311.11
Your Community Bankshares IncYCB5/3/2016$37.90$37.728,20911/15/20160.481.52
Morgans Hotel Group CoMHGC5/9/2016$2.25$2.24430,55411/15/20160.451.4
Humana IncHUM7/3/2015$222.56$158.413,881,71512/31/201640.591.24
E Commerce China Dangdang Inc (ADR)DANG5/31/2016$6.65$6.16291,52012/31/20167.9517.92
Piedmont Natural Gas Company IncPNY10/26/2015$60.00$59.83212,15112/31/20160.280.64
Rite Aid CorporationRAD10/27/2015$9.00$6.8917,123,18612/31/201630.6269
E-House (China) Holdings Limited (ADR)EJ4/15/2016$6.80$6.701,758,42612/31/20161.493.36
Astoria Financial CorpAF10/29/2015$15.28$15.03546,90012/31/20161.663.75
E I Du Pont De Nemours And CoDD12/11/2015$67.88$67.681,625,01212/31/20160.30.67
Axiall CorpAXLL6/10/2016$38.00$32.61650,77812/31/201616.5337.24
Syngenta AG (ADR)SYT2/3/2016$96.01$78.37520,05312/31/201622.5150.71
Apollo Education Group IncAPOL2/8/2016$10.00$9.01563,42912/31/201610.9924.76
ITC LtdITC2/9/2016$45.95$46.211,360,09412/31/2016-0.55-1.24
Ingram Micro IncIM2/17/2016$38.90$35.082,019,54412/31/201610.8924.53
Carmike Cinemas IncCKEC3/3/2016$30.00$31.10135,64412/31/2016-3.54-7.97
Chicopee Bancorp IncCBNK4/4/2016$19.11$18.846,19112/31/20161.433.22
Lexmark International IncLXK4/19/2016$40.50$37.62267,59112/31/20167.6617.25
First Clover Leaf Financial CorpFCLF4/26/2016$12.49$12.3113,68212/31/20161.493.36
Parkway Properties IncPKY4/29/2016$17.90$17.80773,97212/31/20160.551.23
Dreamworks Animation Skg IncDWA4/28/2016$41.00$40.97733,59512/31/20160.070.16
St Jude Medical IncSTJ4/28/2016$83.89$81.241,710,26012/31/20163.267.35
Cash America International IncCSH4/28/2016$43.38$43.0774,90812/31/20160.711.61
IMS Health Holdings IncIMS5/3/2016$28.12$28.39523,63512/31/2016-0.96-2.17
Memorial Resource Development CorpMRD5/16/2016$16.26$15.541,353,71712/31/20164.6310.44
Cordia Bancorp IncBVA5/20/2016$5.15$5.05259,62312/31/20161.984.46
Talen Energy CorpTLN6/3/2016$14.00$13.70570,85512/31/20162.194.93
Elizabeth Arden IncRDEN6/16/2016$14.00$13.90331,38412/31/20160.721.62
STARZ Common StockSTRZA6/30/2016$30.78$30.69909,82212/31/20160.30.67
Starz Series BSTRZB6/30/2016$31.08$31.07112/31/20160.020.05
Suffolk BancorpSCNB6/27/2016$32.60$32.8731,45212/31/2016-0.83-1.88
American Science & Engineering IncASEI6/21/2016$37.00$36.8826,17012/31/20160.330.73
Amsurg CorpAMSG6/15/2016$8.36$79.24716,88512/31/2016-89.45-201.53
WhiteWave Foods CoWWAV7/7/2016$56.25$55.544,277,47312/31/20161.282.88
ARM Holdings plcARMH7/18/2016$67.19$66.307,336,21412/31/20161.343.02
Golden Enterprises IncGLDC7/19/2016$12.00$11.89538,77712/31/20160.932.08
Virgin America IncVA4/4/2016$57.00$56.15156,4801/1/20171.513.39
CIGNA CorporationCI7/24/2015$173.19$133.111,947,4051/31/201730.1156.95
Ocean Shore Holding CoOSHC7/13/2016$22.07$21.99163,2231/31/20170.360.68
Lake Sunapee Bank GroupLSBG5/5/2016$18.67$18.6029,5872/15/20170.360.64
Empire District Electric CoEDE2/9/2016$34.00$33.8587,3583/31/20170.440.64
Valspar CorpVAL3/21/2016$113.00$107.44315,8833/31/20175.177.5
Westar Energy IncWR5/31/2016$60.00$56.22676,3433/31/20176.729.74
Colony Capital IncCLNY6/3/2016$17.43$17.321,059,9253/31/20170.660.96
Northstar Realty Finance Corp Real Estate TrustNRF6/3/2016$13.07$12.992,307,9403/31/20170.650.94
Carolina Bank Holding IncCLBH6/22/2016$18.37$18.484,4143/31/2017-0.6-0.87
Sagent Pharmaceuticals IncSGNT7/11/2016$21.75$21.69541,5113/31/20170.280.4
American Capital LtdACAS5/23/2016$16.11$16.23666,2745/31/2017-0.74-0.86
Diamond Resorts International IncDRII6/29/2016$30.25$30.11949,5789/30/21060.460.01

21 July 2016 - Merger added today is GLDC (Golden Enterprises Inc)

One new merger acquisitions added today:
  • GLDC: Golden Enterprises Inc
Utz to Acquire Golden Enterprises (GLDC) for $12/Share

20 July 2016 - Merger added today is ARMH (ARM Holdings plc)

One new merger acquisitions added today:
  • ARMH: ARM Holdings plc
SoftBank to Buy ARM Holdings for $32 Billion

11 July 2016 - Mergers added today STRZA (STARZ Common Stock), SCNB (Suffolk Bancorp), ASEI (American Science & Engineering Inc), AMSG (Amsurg Corp), WWAV (WhiteWave Foods Co), CLBH (Carolina Bank Holding Inc), and DRII (DRII: Diamond Resorts International Inc)

08 July 2016 - Mergers added today TTHI (Transition Therapeutics Inc), ONE (Higher One Holdings Inc), RLOC (ReachLocal Inc), SKUL (Skullcandy Inc), CERE (Ceres Inc), AEGR (Aegerion Pharmaceuticals Inc), QLGC (QLogic Corporation), AVG (AVG Technologies NV), and RDEN (Elizabeth Arden Inc)

Nine new merger acquisitions added today:
  • TTHI: Transition Therapeutics Inc
  • ONE: Higher One Holdings Inc
  • RLOC: ReachLocal Inc
  • SKUL: Skullcandy Inc
  • CERE: Ceres Inc
  • AEGR: Aegerion Pharmaceuticals Inc
  • QLGC: QLogic Corporation
  • AVG: AVG Technologies NV
  • RDEN: Elizabeth Arden Inc
OPKO Health to Acquire Transition Therapeutics 
Blackboard Affiliate to Acquire Higher One 
Gannett to Acquire Digital Marketing Solutions Company ReachLocal, Inc 
Incipio Announce Skullcandy Merger For $177 Million 
Land O’Lakes to Acquire Ceres (CERE) for $17.2M 
QLT Inc (QLTI), Aegerion Pharma (AEGR) Enter Strategic Merger Agreement 
Acquisition of QLogic Corporation (QLGC) by Cavium, Inc. (CAVM) May Not Be in Shareholders' Best Interests 
Avast Software to buy Dutch rival AVG for US$1.3bil 
Revlon (REV) to Acquire Elizabeth Arden (RDEN) for $14/Share; Carries EV of ~$870M