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.

Tuesday 28 April 2015

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Shanda Games LimitedGAME4/6/2015CA$7.05CA$6.85571,276Unknown2.920
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$17.11CA$23.541,0724/25/2014-27.310
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$23.37CA$22.7539,7349/19/20142.710
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$32.45CA$43.592,21511/1/2014-25.570
Exceed Co LtdEDS12/2/2013CA$1.78CA$1.648,40212/31/20148.540
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
PROSENSA HLDG NVRNA11/24/2014CA$17.75CA$18.65315,6662/11/2015-4.830
The Pantry IncPTRY12/18/2014CA$36.75CA$36.74226,2723/16/20150.030
Viasystems Group IncVIAS9/22/2014CA$17.84CA$17.662,2503/31/20151.020
CSR plcCSRE10/15/2014CA$57.64CA$53.041,0523/31/20158.670
MicroFinancial IncorporatedMFI12/15/2014CA$10.20CA$10.4343,6233/31/2015-2.210
Caesars Acquisition CompanyCACQ12/22/2014CA$6.53CA$6.2938,7103/31/20153.770
CMS Bancorp IncCMSB9/25/2014CA$13.25CA$13.2444/28/20150.080
DirectTVDTV5/19/2014CA$95.00CA$89.852,963,4544/30/20155.731046.05
Family Dollar Stores, IncFDO7/28/2014CA$76.50CA$79.38328,5125/31/2015-3.63-40.13
Advanced Photonix IncAPI2/2/2015CA$0.44CA$0.403505/31/20158.8597.92
Vitesse SemiconductorVTSS3/18/2015CA$5.28CA$5.27350,1506/28/20150.191.14
Lorillard IncLO7/15/2014CA$72.68CA$70.817,354,3826/30/20152.6515.33
The Bank of Kentucky Financial CorpBKYF9/8/2014CA$47.66CA$47.3614,5496/30/20150.633.62
TRW Automotive Holdings CorpTRW9/15/2014CA$105.60CA$105.16362,6966/30/20150.422.42
Sigma-Aldrich CorporationSIAL9/22/2014CA$140.00CA$139.00536,9706/30/20150.724.17
Dresser-Rand Group IncDRC9/22/2014CA$83.00CA$82.43643,7386/30/20150.694.01
State Investors Bancorp IncSIBC12/30/2014CA$21.25CA$21.041,7416/30/201515.78
Wright Medical Group IncWMGI10/27/2014CA$27.06CA$26.26417,9896/30/20153.0517.67
Hudson Valley HoldingHVB11/5/2014CA$25.17CA$25.0510,3956/30/20150.482.8
Susquehanna Bancshares IncSUSQ11/12/2014CA$13.61CA$13.40621,4516/30/20151.559.01
Valley Financial CorporationVYFC11/17/2014CA$20.50CA$20.452006/30/20150.241.42
LNB Bancorp IncLNBB12/15/2014CA$18.19CA$18.124,3736/30/20150.382.22
Talisman Energy IncTLM12/16/2014CA$8.00CA$7.893,135,2146/30/20151.398.08
Uranerz Energy CorporationURZ1/5/2015CA$1.35CA$1.25866,1096/30/20158.1247.04
Courier CorporationCRRC1/16/2015CA$26.55CA$24.7625,3746/30/20157.2341.86
MeadWestvaco CorpMWV1/26/2015CA$47.77CA$47.50800,4136/30/20150.583.35
Regency Energy Partners LPRGP1/26/2015CA$22.96CA$22.891,655,9656/30/20150.291.66
Advent Software IncADVS2/3/2015CA$44.25CA$43.541,019,5286/30/20151.639.45
Entropic Communications IncENTR2/3/2015CA$3.10CA$3.06864,6846/30/20151.196.89
Exelis IncXLS2/6/2015CA$24.94CA$24.612,183,3686/30/20151.337.72
Orbitz Worldwide IncOWW2/12/2015CA$12.00CA$11.75591,4876/30/20152.1312.33
Mavenir Systems IncMVNR3/2/2015CA$17.50CA$17.44205,7776/30/20150.341.97
Pharmacyclics IncPCYC3/4/2015CA$261.25CA$256.59615,1346/30/20151.8210.52
Kofax LtdKFX3/24/2015CA$11.00CA$11.0293,8276/30/2015-0.18-1.05
Revett Mining Co IncRVM3/27/2015CA$0.49CA$0.5014,4296/30/2015-1.38-8.01
Norcraft Companies IncNCFT3/30/2015CA$25.50CA$26.14120,1676/30/2015-2.45-14.18
Cellular Dynamics International IncICEL3/30/2015CA$16.50CA$16.4835,0556/30/20150.120.7
Auspex Pharmaceuticals IncASPX3/30/2015CA$101.00CA$100.88268,7076/30/20150.120.69
Hyperion Therapeutics IncHPTX3/30/2015CA$46.00CA$45.9796,5536/30/20150.070.38
AuRico Gold IncAUQ4/13/2015CA$3.39CA$3.432,606,4876/30/2015-1.29-7.45
Dover Saddlery IncDOVR4/14/2015CA$8.50CA$8.437,6266/30/20150.834.81
Procera Networks IncPKT4/22/2015CA$11.50CA$11.43860,8556/30/20150.613.55
Oneida Financial CorpONFC2/24/2015CA$19.84CA$19.625,1687/31/20151.134.37
Pepco Holdings, IncPOM4/30/2014CA$27.25CA$26.331,187,4338/15/20153.4911.7
RTI International Metals IncRTI3/9/2015CA$37.43CA$37.03181,5048/15/20151.093.64
Informatica CorporationINFA4/7/2015CA$48.75CA$48.161,357,5238/15/20151.234.1
Integrys Energy Group, IncTEG6/23/2014CA$76.23CA$74.45208,9939/30/20152.395.64
Heritage Financial Group IncHBOS12/10/2014CA$28.20CA$27.7710,2719/30/20151.543.62
InterXion Holding NVINXN3/9/2015CA$32.68CA$31.78397,2919/30/20152.846.68
Polypore International IncPPO2/23/2015CA$60.50CA$58.61428,0539/30/20153.227.59
Emulex CorporationELX2/25/2015CA$8.00CA$7.99417,8379/30/20150.130.29
Aruba Networks IncARUN3/2/2015CA$24.67CA$24.611,034,3509/30/20150.240.57
Integrated Silicon Solution IncISSI3/12/2015CA$19.25CA$18.26143,7069/30/20155.4212.77
Life Time Fitness IncLTM3/16/2015CA$72.10CA$71.46144,9959/30/20150.92.11
Montpelier Re Holdings LtdMRH3/31/2015CA$38.87CA$38.93164,5169/30/2015-0.16-0.39
Zep IncZEP4/8/2015CA$20.05CA$19.88100,6099/30/20150.862.01
Baltic Trading LimitedBALT4/8/2015CA$1.53CA$1.61430,6949/30/2015-4.75-11.17
LRR Energy LPLRE4/20/2015CA$8.70CA$8.69325,9839/30/20150.060.15
Hudson City Bancorp, IncHCBK8/27/2012CA$10.05CA$9.391,837,22610/31/20157.0413.81
First Security Group IncFSGI3/25/2015CA$2.35CA$2.3536,70110/31/201500
Cleco CorpCNL10/20/2014CA$55.37CA$54.51195,32812/31/20151.582.33
Baker Hughes IncBHI11/17/2014CA$72.76CA$68.093,142,03112/31/20156.8610.14
Hawaiian Electric Industries IncHE12/3/2014CA$25.85CA$32.36407,78312/31/2015-20.12-29.73
Meadowbrook Insurance Group IncMIG12/30/2014CA$8.65CA$8.54134,88612/31/20151.291.9
City National CorpCYN1/22/2015CA$96.83CA$93.67163,93612/31/20153.374.98
Partnerre LtdPRE1/26/2015CA$111.62CA$129.04635,98812/31/2015-13.5-19.95
Office Depot IncODP2/4/2015CA$10.81CA$9.243,560,07512/31/201516.9425.04
Hospira IncHSP2/5/2015CA$90.00CA$87.612,412,91912/31/20152.734.03
Freescale Semiconductor LtdFSL3/2/2015CA$39.82CA$38.862,255,78212/31/20152.463.63
Square 1 Financial IncSQBK3/2/2015CA$27.24CA$26.0433,93912/31/20154.636.83
Alliance Bancorp Inc of PennsylvaniaALLB3/3/2015CA$21.06CA$21.212,07412/31/2015-0.73-1.07
Bridge Capital HoldingsBBNK3/9/2015CA$25.27CA$27.0635,53312/31/2015-6.6-9.75
Catamaran Corp (USA)CTRX3/30/2015CA$61.50CA$59.561,977,64312/31/20153.264.81
QEP Midstream Partners LPQEPM4/6/2015CA$17.91CA$17.7652,78412/31/20150.851.25
Associated Estates Realty CorporationAEC4/22/2015CA$28.75CA$28.453,437,95612/31/20151.051.56
Palmetto Bancshares IncPLMT4/22/2015CA$17.72CA$18.5820,62812/31/2015-4.62-6.82
Alcatel-LucentALU4/15/2015CA$4.27CA$3.966,953,9866/30/20167.786.62

24 April 2015 - Mergers added today PKT (Procera Networks Inc), AEC (Associated Estates Realty Corporation), and PLMT (Palmetto Bancshares Inc)

Three new merger acquisitions added today:
  • PKT: Procera Networks Inc
  • AEC: Associated Estates Realty Corporation
  • PLMT: Palmetto Bancshares Inc
Francisco Partners to Acquire Procera Networks (PKT) in $240M Deal  
Brookfield Asset Management To Buy Associated Estates Realty In $2.5 Bln Deal 
Palmetto Bancshares To Merge Into United Community Banks In $240.5 Mln Deal

22 April 2015 - Merger added today is LRE (LRR Energy LP)