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 28 January 2015

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Hampden Bancorp IncHBNK11/4/2014$19.95$19.802,290Unknown0.760
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$16.54$23.541,0724/25/2014-29.750
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$22.10$22.7539,7349/19/2014-2.850
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
XRS CorpXRSC9/2/2014$5.60$5.60010/31/201400
LSB Financial CorpLSBI6/4/2014$31.38$43.592,21511/1/2014-28.010
Exceed Co LtdEDS12/2/2013$1.78$1.532,56912/31/201416.340
Safeway IncSWY3/6/2014$36.15$35.12700,45412/31/20142.930
AMBIT BIOSCIENCES DLAMBI9/29/2014$15.00$15.60140,14012/31/2014-3.850
InterMune, IncITMN8/25/2014$74.00$73.895,16912/31/20140.150
Einstein Noah Restaurant Group IncBAGL9/29/2014$20.25$20.23142,01212/31/20140.10
APCO Argentina IncAPAGF10/3/2014$14.50$14.383,58912/31/20140.830
Williams Partners LPWPZ10/27/2014$46.27$43.6778,3121/31/20155.94723.12
Auxilium Pharmaceuticals, IncAUXL6/26/2014$35.94$35.9611,4541/31/2015-0.06-6.75
Protective Life CorpPL6/3/2014$70.00$69.96112,6372/1/20150.065.22
Gentiva Health ServicesGTIV10/9/2014$19.48$19.477,0772/2/20150.074.96
Orbital Sciences CorpORB4/29/2014$58.64$29.5049,7762/9/201598.783004.49
Intervest Bancshares CorpIBCA7/31/2014$10.37$10.044,9242/10/20153.2992.28
GFI Group IncGFIG7/30/2014$5.85$6.0019,9482/15/2015-2.5-50.69
Peoples Federal Bancshares, IncPEOP8/5/2014$21.72$21.191002/20/20152.4839.43
Atlas America IncATLS10/13/2014$25.69$29.1873,3892/28/2015-11.96-140.88
Atlas Pipeline Partners LPAPL10/13/2014$29.43$28.2775,8692/28/20154.0948.15
Riverbed Technology IncRVBD12/15/2014$21.00$20.70223,5263/31/20151.458.53
Chyron CorporationCHYR11/17/2014$2.82$2.804253/31/20150.714.21
Family Dollar Stores, IncFDO7/28/2014$76.50$76.53101,6913/31/2015-0.04-0.23
NB&T Financial Group, IncNBTF8/4/2014$30.95$30.96883/31/2015-0.02-0.11
The Bank of Kentucky Financial CorpBKYF9/8/2014$46.39$45.731,6423/31/20151.448.5
Colonial Financial Services, IncCOBK9/10/2014$12.50$13.236003/31/2015-5.55-32.65
Viasystems Group IncVIAS9/22/2014$16.43$16.211,5823/31/20151.347.89
Simplicity Bancorp IncSMPL9/29/2014$17.05$17.276853/31/2015-1.27-7.5
OILTANKING PARTNERS LPUTSOILT11/12/2014$45.40$44.802,3673/31/20151.337.83
Dawson Geophysical CompanyDWSN10/9/2014$10.88$11.295,1213/31/2015-3.66-21.55
CSR plcCSRE10/15/2014$57.64$51.9013/31/201511.0665.11
Penford CorporationPENX10/15/2014$19.00$18.783003/31/20151.176.9
BTU International IncBTUI10/22/2014$2.88$2.877,6543/31/20150.341.97
Digital River IncDRIV10/23/2014$26.00$25.6845,5733/31/20151.257.34
ESB Financial CorporationESBF10/29/2014$17.89$17.773463/31/20150.673.95
Aviv REITAVIV10/31/2014$40.27$39.7112,1773/31/20151.428.38
AmREIT IncAMRE10/31/2014$26.55$26.534,8543/31/20150.080.44
CovanceCVD11/3/2014$106.80$106.6034,0123/31/20150.181.08
Sapient CorporationSAPE11/3/2014$25.00$24.8971,3153/31/20150.442.6
Cimatron LtdCIMT11/24/2014$8.97$8.8159,8123/31/20151.8210.69
PROSENSA HLDG NVRNA11/24/2014$17.75$18.886,4003/31/2015-5.99-35.24
MicroFinancial IncorporatedMFI12/15/2014$10.20$10.4343,6233/31/2015-2.21-12.98
Volcano CorporationVOLC12/17/2014$18.00$17.9737,8373/31/20150.170.98
Peerless Systems CorpPRLS12/22/2014$7.00$6.952003/31/20150.724.24
Caesars Acquisition CompanyCACQ12/22/2014$7.97$8.287,3583/31/2015-3.77-22.18
NPS Pharmaceuticals IncNPSP1/12/2015$46.00$45.96483,2893/31/20150.090.51
MWI Veterinary Supply IncMWIV1/12/2015$190.00$189.4943,1123/31/20150.271.58
Hudson City Bancorp, IncHCBK8/27/2012$9.75$9.29348,3834/30/2015519.82
DirectTVDTV5/19/2014$95.00$84.81144,1004/30/201512.0247.67
Time Warner Cable IncTWC2/13/2014$162.09$143.62105,3266/30/201512.8630.68
AllerganAGN11/17/2014$233.45$227.24127,9386/30/20152.736.52
Integrys Energy Group, IncTEG6/23/2014$83.14$82.7818,2916/30/20150.431.02
Lorillard IncLO7/15/2014$70.71$65.66159,3856/30/20157.6818.33
International Game TechnologyIGT7/15/2014$18.75$17.02111,7206/30/201510.1624.25
Trulia IncTRLA7/28/2014$45.30$45.2141,8836/30/20150.20.48
TRW Automotive Holdings CorpTRW9/15/2014$105.60$103.12156,7406/30/20152.45.74
Sigma-Aldrich CorporationSIAL9/22/2014$140.00$137.39113,5016/30/20151.94.53
Dresser-Rand Group IncDRC9/22/2014$83.00$81.30148,0506/30/20152.094.99
CMS Bancorp IncCMSB9/25/2014$13.25$13.202006/30/20150.380.9
CareFusion CorpCFN10/6/2014$60.15$59.74142,4286/30/20150.681.63
State Investors Bancorp IncSIBC12/30/2014$21.25$20.781,1416/30/20152.265.4
Wright Medical Group IncWMGI10/27/2014$25.26$25.4725,4536/30/2015-0.84-1.99
Hudson Valley HoldingHVB11/5/2014$26.36$25.713,5086/30/20152.536.05
Susquehanna Bancshares IncSUSQ11/12/2014$13.41$12.99149,4236/30/20153.227.69
Valley Financial CorporationVYFC11/17/2014$20.50$19.641006/30/20154.3810.45
Platinum Underwriters Holdings LtdPTP11/24/2014$64.66$74.239,0376/30/2015-12.89-30.76
Spansion IncCODE12/1/2014$37.52$36.25144,3316/30/20153.58.35
PetSmart IncPETM12/15/2014$83.00$81.46120,7156/30/20151.894.51
LNB Bancorp IncLNBB12/15/2014$17.78$17.557,7006/30/20151.313.13
Talisman Energy IncTLM12/16/2014$8.00$7.51470,5396/30/20156.5215.57
Paramount Gold and Silver CorpPZG12/17/2014$1.23$1.2548,6476/30/2015-1.46-3.48
The Pantry IncPTRY12/18/2014$36.75$36.7811,0926/30/2015-0.08-0.19
Uroplasty IncUPI12/22/2014$1.89$1.2216,6056/30/201554.85130.86
Uranerz Energy CorporationURZ1/5/2015$1.19$1.079,7746/30/201510.8225.81
Courier CorporationCRRC1/16/2015$20.50$23.10261,5596/30/2015-11.26-26.85
MeadWestvaco CorpMWV1/26/2015$51.15$0.006/30/201500
Regency Energy Partners LPRGP1/26/2015$24.63$0.006/30/201500
Pepco Holdings, IncPOM4/30/2014$27.25$27.3888,6848/15/2015-0.47-0.87
Heritage Financial Group IncHBOS12/10/2014$25.11$24.308239/30/20153.344.97
Cleco CorpCNL10/20/2014$55.37$54.8847,45912/31/20150.890.97
Baker Hughes IncBHI11/17/2014$65.44$59.05504,26112/31/201510.8111.71
Hawaiian Electric Industries IncHE12/3/2014$26.98$34.2357,70312/31/2015-21.17-22.93
Meadowbrook Insurance Group IncMIG12/30/2014$8.65$8.3511,81212/31/20153.593.89
City National CorpCYN1/22/2015$92.12$88.97174,34412/31/20153.553.84
Partnerre LtdPRE1/26/2015$113.80$0.0012/31/201500

28 January 2015 - Mergers added today MWV (MeadWestvaco Corp), RGP (Regency Energy Partners LP), and PRE (Partnerre Ltd)

Three new merger acquisitions added today:
  • MWV: MeadWestvaco Corp
  • RGP: Regency Energy Partners LP
  • PRE: Partnerre Ltd
MeadWestvaco, Rock-Tenn to Combine 
Energy Transfer (ETP), Regency Energy (RGP) Enter $18B Merger Agreement 
Axis to Merge With PartnerRe, Form $11 Billion Reinsurer

23 January 2015 - Merger added today is CYN (City National Corp)

One new merger acquisitions added today:
  • CYN: City National Corp
Royal Bank Of Canada (RY) to Acquire City National (CYN) in $5.4B Deal