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.

Wednesday 24 August 2016

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Caesars Acquisition CompanyCACQ12/22/2014$5.09$11.5325,4503/31/2016-55.830
Alcatel-LucentALU4/15/2015$3.11$3.465,675,5073/31/2016-10.190
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$12.59$12.853,5253/31/2016-2.050
iDreamSky Technology LtdDSKY12/31/2015$13.95$13.6050,9245/31/20162.570
Alere IncALR2/1/2016$56.00$40.24496,0326/30/201639.170
SL Industries IncSLI4/7/2016$40.00$39.998616/30/20160.030
KLA-Tencor CorpKLAC10/21/2015$78.60$70.521,007,4676/30/201611.460
Fidelity & Guaranty LifeFGL11/9/2015$26.80$23.2144,8656/30/201615.470
Fairchild Semiconductor Intl IncFCS11/18/2015$20.00$19.78842,1026/30/20161.110
National Holdings CorporationNHLD4/28/2016$3.25$3.1211,9056/30/20164.170
Questar CorporationSTR2/1/2016$25.00$24.96760,3376/30/20160.160
SMART Technologies IncSMT5/26/2016$4.50$4.435,4327/31/20161.580
Electro Rent CorporationELRC5/31/2016$15.50$15.50173,7878/10/201600
Axiall CorpAXLL6/10/2016$33.00$32.98566,3318/31/20160.063.16
Apollo Residential Mortgage IncAMTG2/26/2016$13.65$13.6167,6288/31/20160.2915.21
Cordia Bancorp IncBVA5/20/2016$5.15$5.154148/31/201600
Nortek IncNTK7/6/2016$86.00$85.9595,0568/31/20160.063.03
Talmer Bancorp IncTLMR1/26/2016$20.17$22.94138,8858/31/2016-12.08-629.67
Tyco International plcTYC1/25/2016$42.44$44.342,965,2559/2/2016-4.28-173.77
Hutchinson Technology IncorporatedHTCH11/2/2015$4.00$1.63145,7769/30/2016145.41434.34
Textura CorpTXTR4/28/2016$26.00$25.99329,4159/30/20160.040.38
LinkedInLNKD6/13/2016$196.00$191.77712,5959/30/20162.2121.76
FEI CompanyFEIC5/27/2016$107.50$106.52716,8579/30/20160.929.08
Rofin Sinar Technologies IncRSTI3/16/2016$32.50$32.0962,9679/30/20161.2812.6
Polycom IncPLCM4/15/2016$12.50$12.461,160,8259/30/20160.323.17
Cvent IncCVT4/18/2016$36.00$32.47331,1099/30/201610.87107.25
TiVo IncTIVO4/29/2016$10.70$10.813,376,3539/30/2016-1.02-10.04
Cash America International IncCSH4/28/2016$45.21$45.2092,1349/30/20160.020.19
Your Community Bankshares IncYCB5/3/2016$38.16$37.863,4559/30/20160.87.88
Cnova NVCNV5/12/2016$5.50$5.2533,1119/30/20164.7646.98
Incontact IncSAAS5/18/2016$14.00$13.83223,1239/30/20161.2312.13
Mines Management IncMGN5/24/2016$1.46$1.44374,6609/30/20161.6616.36
Celator Pharmaceuticals IncCPXX5/31/2016$30.25$30.241,0009/30/20160.030.33
Rose Rock Midstream LPRRMS5/31/2016$25.35$25.0345,2979/30/20161.2912.68
Transition Therapeutics IncTTHI6/30/2016$1.62$1.6064,6069/30/20161.4414.21
Skullcandy IncSKUL6/24/2016$6.10$6.4295,9669/30/2016-4.98-49.17
Aegerion Pharmaceuticals, IncAEGR6/15/2016$1.47$1.5634,3729/30/2016-5.99-59.06
Imprivata IncIMPR7/13/2016$19.25$19.14469,6729/30/20160.575.67
InterOil Corporation (USA)IOC7/21/2016$45.00$48.89241,3349/30/2016-7.96-78.49
Outerwall IncOUTR7/25/2016$52.00$51.83461,0579/30/20160.333.24
Relypsa IncRYLP7/21/2016$32.00$0.0009/30/201600
Mattress Firm Holding CorpMFRM8/8/2016$64.00$63.99366,5949/30/20160.020.15
AVG Technologies NVAVG7/7/2016$25.00$24.85450,89910/15/20160.64.24
Media General IncMEG1/27/2016$17.27$17.79166,05410/31/2016-2.95-15.81
EMC CorporationEMC10/12/2015$32.16$28.6314,688,18810/31/201612.3466.22
Starwood Hotels & Resorts Worldwide IncHOT11/16/2015$79.41$78.454,777,58510/31/20161.226.55
Resource America IncREXI5/23/2016$9.78$9.7538,95210/31/20160.311.65
Ingram Micro IncIM2/17/2016$38.90$35.06668,01911/13/201610.9549.35
Morgans Hotel Group CoMHGC5/9/2016$2.25$2.2617,53011/15/2016-0.44-1.95
Humana IncHUM7/3/2015$225.63$180.42610,12112/31/201625.0670.89
E Commerce China Dangdang Inc (ADR)DANG5/31/2016$6.65$6.53318,86512/31/20161.845.2
Piedmont Natural Gas Company IncPNY10/26/2015$60.00$59.90193,98512/31/20160.170.47
Rite Aid CorporationRAD10/27/2015$9.00$7.735,936,83512/31/201616.4346.49
Astoria Financial CorpAF10/29/2015$14.90$14.74758,41612/31/20161.093.07
E I Du Pont De Nemours And CoDD12/11/2015$68.59$69.952,395,31912/31/2016-1.95-5.51
Syngenta AG (ADR)SYT2/3/2016$96.01$87.812,878,28112/31/20169.3426.42
Apollo Education Group IncAPOL2/8/2016$10.00$8.89160,90612/31/201612.4935.33
ITC LtdITC2/9/2016$45.94$46.87384,51812/31/2016-1.98-5.59
Carmike Cinemas IncCKEC3/3/2016$32.09$31.69168,80712/31/20161.263.56
National Interstate CorporationNATL7/25/2016$32.50$32.5010,21912/31/201600
Chicopee Bancorp IncCBNK4/4/2016$18.50$18.313,61312/31/20161.052.98
Lexmark International IncLXK4/19/2016$40.50$35.46237,02212/31/201614.2140.22
Sunedison Semiconductor LtdSEMI8/17/2016$12.00$11.502,537,53512/31/20164.3512.3
First Clover Leaf Financial CorpFCLF4/26/2016$12.38$12.3011,84012/31/20160.691.95
Parkway Properties IncPKY4/29/2016$17.07$17.08324,88812/31/2016-0.08-0.23
Medivation IncMDVN8/22/2016$81.50$80.4246,909,72812/31/20161.343.8
St Jude Medical IncSTJ4/28/2016$85.21$82.882,297,64612/31/20162.827.97
IMS Health Holdings IncIMS5/3/2016$29.41$29.60550,04212/31/2016-0.64-1.81
Memorial Resource Development CorpMRD5/16/2016$14.79$14.70997,58012/31/20160.591.66
Talen Energy CorpTLN6/3/2016$14.00$13.77646,55212/31/20161.674.73
Elizabeth Arden IncRDEN6/16/2016$14.00$13.95164,52912/31/20160.361.01
STARZ Common StockSTRZA6/30/2016$30.78$31.351,281,12012/31/2016-1.81-5.13
Starz Series BSTRZB6/30/2016$31.08$31.812512/31/2016-2.3-6.52
Suffolk BancorpSCNB6/27/2016$32.60$34.0621,41912/31/2016-4.3-12.16
American Science & Engineering IncASEI6/21/2016$37.00$36.8864,39312/31/20160.330.92
Amsurg CorpAMSG6/15/2016$8.36$63.941,233,77312/31/2016-86.92-245.94
WhiteWave Foods CoWWAV7/7/2016$56.25$55.271,035,14912/31/20161.775.02
SolarCity CorpSCTY8/1/2016$24.24$23.021,757,98912/31/20165.3215.04
ARM Holdings plcARMH7/18/2016$67.19$66.461,382,92412/31/20161.13.11
Golden Enterprises IncGLDC7/19/2016$12.00$11.905,05812/31/20160.842.38
EPIQ Systems IncEPIQ7/27/2016$16.50$16.36272,31612/31/20160.862.42
Sequenom IncSQNM7/27/2016$2.40$2.362,450,40212/31/20161.694.8
NetSuite IncN7/28/2016$109.00$108.68305,14112/31/20160.290.83
BBX Capital CorpBBX7/28/2016$20.00$19.7056512/31/20161.524.31
Transocean Partners LLCRIGP8/1/2016$11.71$11.70184,53912/31/20160.110.31
FleetMatics Group PLCFTLX8/1/2016$60.00$0.00012/31/201600
SizmekSZMK8/3/2016$3.90$3.86215,95712/31/20161.042.93
Press Ganey Holdings IncPGND8/9/2016$40.50$40.43340,29012/31/20160.170.49
Monster Worldwide IncMWW8/9/2016$3.40$3.702,737,07712/31/2016-8.11-22.94
Silicon Graphics International CorpSGI8/11/2016$7.75$7.67848,31212/31/20161.042.95
Providence & Worcester Railroad CompanyPWX8/15/2016$25.00$24.682,92912/31/20161.33.67
Post Properties Inc Real Estate TrustPPS8/15/2016$68.98$66.55790,48312/31/20163.6510.32
G&K Services IncGK8/16/2016$97.50$96.96444,30912/31/20160.561.58
CIFC LLCCIFC8/19/2016$11.36$11.04223,28212/31/20162.98.2
Virgin America IncVA4/4/2016$57.00$55.99208,1541/1/20171.85.06
CIGNA CorporationCI7/24/2015$170.23$133.35660,0641/31/201727.6663.09
Ocean Shore Holding CoOSHC7/13/2016$22.07$22.4320,2091/31/2017-1.61-3.67
CST Brands IncCST8/22/2016$48.53$0.001/31/201700
Lake Sunapee Bank GroupLSBG5/5/2016$17.39$17.8913,9012/15/2017-2.79-5.83
Trina Solar Limited (ADR)TSL8/1/2016$11.55$10.531,808,2153/31/20179.6916.14
Empire District Electric CoEDE2/9/2016$34.00$33.9148,2713/31/20170.270.44
Valspar CorpVAL3/21/2016$113.00$106.11162,6643/31/20176.4910.82
Westar Energy IncWR5/31/2016$60.00$54.34393,8523/31/201710.4217.36
Colony Capital IncCLNY6/3/2016$17.43$17.751,681,7603/31/2017-1.78-2.96
Northstar Realty Finance Corp Real Estate TrustNRF6/3/2016$13.07$13.002,974,5303/31/20170.570.95
Carolina Bank Holding IncCLBH6/22/2016$18.37$18.877143/31/2017-2.65-4.42
Sagent Pharmaceuticals IncSGNT7/11/2016$21.75$21.75269,1453/31/201700
Yadkin Financial CorpYDKN7/21/2016$25.86$25.70209,8493/31/20170.61.01
American Capital LtdACAS5/23/2016$16.47$16.58611,5205/31/2017-0.65-0.85
Linear Technology CorporationLLTC7/26/2016$60.82$58.861,062,3906/30/20173.333.92
Joy Global IncJOY7/21/2016$28.30$27.512,023,2866/30/20172.873.38
EverBank Financial CorpEVER8/9/2016$19.50$19.181,360,6376/30/20171.671.96
Cardinal Financial CorporationCFNL8/18/2016$27.48$26.33624,7556/30/20174.385.16
Diamond Resorts International IncDRII6/29/2016$30.25$30.142,634,4249/30/21060.360

23 August 2016 - Mergers added today MDVN (Medivation Inc) and CST (CST Brands Inc)

Two new merger acquisitions added today:
  • MDVN: Medivation Inc
  • CST: CST Brands Inc
PFIZER TO ACQUIRE CANCER DRUG MAKER MEDIVATION IN $14 BILLION DEAL 
Parent of Circle K agrees to buy CST Brands for $4.4 billion

22 August 2016 - Mergers added today are SEMI (Sunedison Semiconductor Ltd), CIFC (CIFC LLC), and CFNL (Cardinal Financial Corporation)