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.

Wednesday 17 December 2014

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Hampden Bancorp IncHBNK11/4/2014$20.54$19.832,031Unknown3.590
Belo CorpBLC6/13/2013$13.75$13.74684,77312/31/20130.070
Analysts International CorpANLY8/28/2013$6.45$6.443,90012/31/20130.160
Gentium S.p.A.GENT12/19/2013$57.00$55.0414,0593/31/20143.560
Pacer International, IncPACR1/6/2014$9.00$8.96815,6583/31/20140.450
Tower Financial CorpTOFC9/10/2013$16.75$23.541,0724/25/2014-28.840
ArthroCare CorpARTC2/3/2014$48.25$48.60916,4395/29/2014-0.720
Responsys IncMKTG12/20/2013$27.00$26.983,750,6816/30/20140.070
Coastal Contacts IncCOA2/27/2014$11.21$11.2921,0726/30/2014-0.750
OBA Financial Services IncOBAF4/8/2014$22.01$22.7539,7349/19/2014-3.240
Aeroflex Holding CorpARX5/20/2014$10.50$10.50406,7409/30/201400
OpenTable IncOPEN6/13/2014$103.00$102.953,651,5719/30/20140.050
First Financial Service CorpFFKY4/22/2014$4.09$3.722,09010/30/20149.90
XRS CorpXRSC9/2/2014$5.60$5.60010/31/201400
LSB Financial CorpLSBI6/4/2014$31.77$43.592,21511/1/2014-27.130
Linedata Services SALIN3/21/2014$22.84$24.40444,01812/19/2014-6.41-1169.7
Exceed Co LtdEDS12/2/2013$1.78$1.5012,13212/31/201418.67486.67
SWS Group, IncSWS4/1/2014$6.77$6.7663,10712/31/20140.225.69
TriQuint SemiconductorTQNT2/24/2014$25.01$24.974,196,03712/31/20140.153.94
Safeway IncSWY3/6/2014$36.15$34.6540012/31/20144.33112.86
OmniAmerican Bancorp, IncOABC4/29/2014$26.33$26.2353,44112/31/20140.3910.19
Auxilium Pharmaceuticals, IncAUXL6/26/2014$33.04$32.762,324,64312/31/20140.8522.19
AMBIT BIOSCIENCES DLAMBI9/29/2014$15.00$15.60140,14012/31/2014-3.85-100.27
Pike Electric CorporationPIKE8/4/2014$12.00$11.93186,18112/31/20140.5915.3
InterMune, IncITMN8/25/2014$74.00$73.895,16912/31/20140.153.88
Multimedia Games Holding Company IncMGAM9/8/2014$36.50$35.78371,15612/31/20142.0152.46
Einstein Noah Restaurant Group IncBAGL9/29/2014$20.25$20.23142,01212/31/20140.12.58
APCO Argentina IncAPAGF10/3/2014$14.50$13.0349,60812/31/201411.28294.13
Franklin Financial CorpFRNK7/15/2014$20.76$20.5417,6091/2/20151.0824.66
Covidien plcCOV6/16/2014$104.01$100.042,962,3121/15/20153.9749.98
World Energy SolutionsXWES11/4/2014$5.50$5.4911,4211/15/20150.182.29
Orbital Sciences CorpORB4/29/2014$45.73$22.31836,8671/31/2015104.98851.49
American Realty Capital Healthcare Trust, IncHCT6/2/2014$12.28$11.668,322,7511/31/20155.2842.79
Williams Partners LPWPZ10/27/2014$43.98$41.821,502,6061/31/20155.1641.84
International Rectifier CorporationIRF8/20/2014$40.00$39.841,015,7191/31/20150.43.26
Chiquita Brands InternationalCQB10/27/2014$14.50$14.46221,2901/31/20150.282.24
Elecsys CorporationESYS11/4/2014$17.50$17.3425,3751/31/20150.927.48
Protective Life CorpPL6/3/2014$70.00$69.331,216,1522/1/20150.977.67
Riverbed Technology IncRVBD12/15/2014$21.00$20.315,2903/31/20153.411.92
Gentiva Health ServicesGTIV10/9/2014$19.19$19.07344,5373/31/20150.62.12
Chyron CorporationCHYR11/17/2014$2.82$2.8040,6883/31/20150.712.51
Rockwood Holdings, IncROC7/15/2014$76.95$75.961,495,0073/31/20151.34.58
Family Dollar Stores, IncFDO7/28/2014$74.50$79.27670,5853/31/2015-6.02-21.12
GFI Group IncGFIG7/30/2014$5.25$5.35329,7683/31/2015-1.87-6.56
Intervest Bancshares CorpIBCA7/31/2014$10.37$9.9336,7783/31/20154.4315.55
NB&T Financial Group, IncNBTF8/4/2014$30.29$30.152,9673/31/20150.471.66
Peoples Federal Bancshares, IncPEOP8/5/2014$22.14$21.589613/31/20152.589.05
The Bank of Kentucky Financial CorpBKYF9/8/2014$46.95$46.3523,1723/31/20151.294.52
Colonial Financial Services, IncCOBK9/10/2014$12.99$13.3810,1993/31/2015-2.91-10.22
Glimcher Realty TrustGRT9/16/2014$13.64$13.572,921,1923/31/20150.491.71
Viasystems Group IncVIAS9/22/2014$16.29$15.4210,4873/31/20155.6619.87
Simplicity Bancorp IncSMPL9/29/2014$16.29$16.031,5753/31/20151.625.69
OILTANKING PARTNERS LPUTSOILT11/12/2014$42.07$41.39162,7443/31/20151.645.75
Dawson Geophysical CompanyDWSN10/9/2014$10.82$10.4968,2943/31/20153.1811.17
Atlas America IncATLS10/13/2014$25.56$25.743,469,4063/31/2015-0.71-2.5
Atlas Pipeline Partners LPAPL10/13/2014$25.64$23.64998,6103/31/20158.4829.75
CSR plcCSRE10/15/2014$57.64$52.312,6513/31/201510.1935.76
Penford CorporationPENX10/15/2014$19.00$18.8214,4253/31/20150.963.36
BTU International IncBTUI10/22/2014$2.54$2.481,9533/31/20152.318.12
Digital River IncDRIV10/23/2014$26.00$16.75556,5533/31/201555.22193.81
Aviv REITAVIV10/31/2014$34.40$33.64655,7733/31/20152.257.91
AmREIT IncAMRE10/31/2014$26.55$26.58552,3183/31/2015-0.11-0.4
CovanceCVD11/3/2014$102.79$101.62915,1673/31/20151.154.02
Sapient CorporationSAPE11/3/2014$25.00$24.83751,1033/31/20150.682.4
Oplink Communications IncOPLK11/19/2014$24.25$24.19461,8343/31/20150.250.87
Cimatron LtdCIMT11/24/2014$8.97$8.73152,6643/31/20152.759.65
PROSENSA HLDG NVRNA11/24/2014$17.75$18.31742,4753/31/2015-3.06-10.73
Avanir Pharmaceuticals IncAVNR12/2/2014$17.00$16.9512,240,6823/31/20150.291.04
Actuate CorpBIRT12/5/2014$6.60$6.55430,0363/31/20150.762.68
Cubist Pharmaceuticals IncCBST12/8/2014$102.00$96.312,463,2203/31/20155.9120.73
MicroFinancial IncorporatedMFI12/15/2014$10.20$10.1903/31/20150.10.34
Hudson City Bancorp, IncHCBK8/27/2012$10.18$9.574,591,7284/30/20156.4117.46
DirectTVDTV5/19/2014$95.00$83.45294/30/201513.8437.7
Time Warner Cable IncTWC2/13/2014$157.95$144.08681,7176/30/20159.6318.02
AllerganAGN11/17/2014$226.08$209.011006/30/20158.1715.29
Integrys Energy Group, IncTEG6/23/2014$75.14$74.34405,0756/30/20151.072.01
Lorillard IncLO7/15/2014$68.94$62.101,950,1606/30/201511.0120.61
International Game TechnologyIGT7/15/2014$18.75$16.751,606,7746/30/201511.9422.35
Trulia IncTRLA7/28/2014$52.48$50.83493,5226/30/20153.256.08
TRW Automotive Holdings CorpTRW9/15/2014$105.60$102.31794,8526/30/20153.226.02
Sigma-Aldrich CorporationSIAL9/22/2014$140.00$135.91590,7486/30/20153.015.63
Dresser-Rand Group IncDRC9/22/2014$83.00$80.77914,9246/30/20152.765.17
CMS Bancorp IncCMSB9/25/2014$13.25$12.688026/30/20154.58.41
CareFusion CorpCFN10/6/2014$59.55$58.722,737,4336/30/20151.412.64
Wright Medical Group IncWMGI10/27/2014$27.18$27.62674,9266/30/2015-1.58-2.95
ESB Financial CorporationESBF10/29/2014$18.28$17.9815,5876/30/20151.673.13
Hudson Valley HoldingHVB11/5/2014$25.82$25.597646/30/20150.911.71
Susquehanna Bancshares IncSUSQ11/12/2014$13.43$12.982,919,9316/30/20153.486.51
Valley Financial CorporationVYFC11/17/2014$20.50$19.8525,9516/30/20153.276.13
Platinum Underwriters Holdings LtdPTP11/24/2014$64.30$72.85317,7376/30/2015-11.73-21.96
Spansion IncCODE12/1/2014$34.03$32.003,013,5116/30/20156.3411.87
PetSmart IncPETM12/15/2014$83.00$80.977006/30/20152.514.69
LNB Bancorp IncLNBB12/15/2014$18.04$17.073136/30/20155.710.67
Pepco Holdings, IncPOM4/30/2014$27.25$26.651,498,2098/15/20152.253.41
Heritage Financial Group IncHBOS12/10/2014$26.31$25.3354,8789/30/20153.854.9
Cleco CorpCNL10/20/2014$55.37$53.93433,78312/31/20152.672.57
Baker Hughes IncBHI11/17/2014$61.36$54.931,80012/31/201511.711.27
Hawaiian Electric Industries IncHE12/3/2014$24.79$32.891,317,23012/31/2015-24.63-23.72

17 December 2014 - Mergers added today RVBD (Riverbed Technology Inc), MFI (MicroFinancial Incorporated), PETM (PetSmart Inc), and LNBB (LNB Bancorp Inc)

12 December 2014 - Merger added today is HBOS (Heritage Financial Group Inc)

One new merger acquisitions added today:
  • HBOS: Heritage Financial Group Inc
Renasant Corp. (RNST) to Acquire Heritage Financial Group (HBOS) in $250M All-Stock Deal