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.

Friday 3 July 2015

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Shanda Games LimitedGAME4/6/2015CA$7.05CA$6.8863,336Unknown2.470
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$17.57CA$23.541,0724/25/2014-25.370
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$25.90CA$22.7539,7349/19/201413.830
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$33.31CA$43.592,21511/1/2014-23.590
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
CSR plcCSRE10/15/2014CA$57.64CA$54.061,9953/31/20156.620
MicroFinancial IncorporatedMFI12/15/2014CA$10.20CA$10.4343,6233/31/2015-2.210
Caesars Acquisition CompanyCACQ12/22/2014CA$4.16CA$6.8990,8373/31/2015-39.670
Family Dollar Stores, IncFDO7/28/2014CA$76.50CA$79.181,104,3845/31/2015-3.380
Sigma-Aldrich CorporationSIAL9/22/2014CA$140.00CA$139.44854,9076/30/20150.40
State Investors Bancorp IncSIBC12/30/2014CA$21.25CA$21.20316/30/20150.240
Susquehanna Bancshares IncSUSQ11/12/2014CA$14.43CA$14.361,639,5366/30/20150.510
Advent Software IncADVS2/3/2015CA$44.25CA$44.21382,5026/30/20150.090
Orbitz Worldwide IncOWW2/12/2015CA$12.00CA$11.304,203,5056/30/20156.190
AuRico Gold IncAUQ4/13/2015CA$2.77CA$2.761,099,7787/2/20150.370
Clicksoftware Technologies LtdCKSW4/30/2015CA$12.65CA$12.6072,6417/13/20150.413.17
DirectTVDTV5/19/2014CA$95.00CA$94.057,077,2757/31/20151.0112.71
Exceed Co LtdEDS12/2/2013CA$1.78CA$1.65156,1857/31/20157.8899.16
GrafTech International LtdGTI5/18/2015CA$5.05CA$4.965,331,2207/31/20151.8122.84
Micrel IncorporatedMCRL5/7/2015CA$14.00CA$13.92317,4207/31/20150.577.23
LNB Bancorp IncLNBB12/15/2014CA$19.04CA$18.6520,0278/14/20152.0717.61
Pepco Holdings, IncPOM4/30/2014CA$27.25CA$27.001,170,1998/15/20150.937.68
RTI International Metals IncRTI3/9/2015CA$31.34CA$31.351,152,6748/15/2015-0.02-0.14
Montpelier Re Holdings LtdMRH3/31/2015CA$41.23CA$41.24320,2468/15/2015-0.03-0.28
Informatica CorporationINFA4/7/2015CA$48.75CA$48.47913,4548/15/20150.584.79
Metalico IncMEA6/16/2015CA$0.60CA$0.50372,3088/31/201520121.67
OmniVision Technologies IncOVTI4/30/2015CA$29.75CA$26.13551,7649/30/201513.8556.18
Wright Medical Group IncWMGI10/27/2014CA$25.85CA$26.05431,5449/30/2015-0.75-3.04
Partnerre LtdPRE1/26/2015CA$130.57CA$129.93295,6789/30/20150.492
Polypore International IncPPO2/23/2015CA$60.50CA$59.911,294,0699/30/20150.983.99
SFX Entertainment IncSFXE5/26/2015CA$5.25CA$4.46707,4119/30/201517.7171.84
Integrated Silicon Solution IncISSI3/12/2015CA$23.00CA$22.20836,0539/30/20153.614.61
Baltic Trading LimitedBALT4/8/2015CA$1.57CA$1.61300,5149/30/2015-2.73-11.08
LRR Energy LPLRE4/20/2015CA$8.22CA$7.80181,3819/30/20155.3521.68
IGATE CorpIGTE4/27/2015CA$48.00CA$48.001,895,1049/30/201500
MCG Capital CorpMCGC4/29/2015CA$4.75CA$4.53709,6219/30/20154.8619.7
Cyan IncCYNI5/4/2015CA$5.46CA$5.381,203,1559/30/20151.556.28
PMFG IncPMFG5/4/2015CA$6.85CA$6.5710,4249/30/20154.2617.28
Quality Distribution IncQLTY5/6/2015CA$16.00CA$15.45130,7789/30/20153.5614.44
Crestwd Midstr PrnCMLP5/6/2015CA$11.44CA$11.16525,2279/30/20152.5110.18
Rosetta Resources IncROSE5/11/2015CA$22.38CA$22.351,199,2309/30/20150.150.63
Trade Street Residential IncTSRE5/11/2015CA$6.95CA$6.7524,4659/30/20153.0412.31
Williams Partners LPWPZ5/13/2015CA$64.12CA$47.752,952,5629/30/201534.29139.07
Eagle Rock Energy Partners LPEROC5/21/2015CA$2.76CA$2.48464,6369/30/201511.4546.43
Frisch's Restaurants IncFRS5/22/2015CA$34.00CA$33.754,0129/30/20150.743
Geeknet IncGKNT5/26/2015CA$20.00CA$19.9640,6509/30/20150.20.81
Rally Software Development CorpRALY5/27/2015CA$19.50CA$19.46201,0889/30/20150.210.83
Meru Networks IncMERU5/27/2015CA$1.63CA$1.6223,4599/30/20150.622.5
DealerTrack Technologies IncTRAK6/15/2015CA$63.25CA$62.712,376,3179/30/20150.863.49
Kythera Biopharmaceuticals IncKYTH6/17/2015CA$75.00CA$75.09412,0859/30/2015-0.12-0.49
Lumenis LtdLMNS6/18/2015CA$14.00CA$13.71188,8769/30/20152.128.58
Hudson City Bancorp, IncHCBK8/27/2012CA$10.70CA$10.112,628,34610/31/20155.817.49
Oneida Financial CorpONFC2/24/2015CA$21.72CA$20.6610,45710/31/20155.1215.44
First Security Group IncFSGI3/25/2015CA$2.35CA$2.4536,22610/31/2015-4.08-12.31
Ryland Group IncRYL6/15/2015CA$0.00CA$46.82473,77010/31/2015-100-301.65
Bio-Reference Laboratories IncBRLI6/4/2015CA$44.44CA$41.26645,07712/31/20157.7115.46
Cleco CorpCNL10/20/2014CA$55.37CA$53.73293,74012/31/20153.056.12
Baker Hughes IncBHI11/17/2014CA$65.55CA$60.014,174,60512/31/20159.2318.5
Hawaiian Electric Industries IncHE12/3/2014CA$24.25CA$29.80311,39112/31/2015-18.62-37.34
Meadowbrook Insurance Group IncMIG12/30/2014CA$8.65CA$8.62162,75312/31/20150.350.7
Perfect World Co LtdPWRD4/27/2015CA$20.15CA$19.87524,26012/31/20151.412.83
City National CorpCYN1/22/2015CA$93.14CA$90.75475,97512/31/20152.635.27
Office Depot IncODP2/4/2015CA$10.65CA$8.757,785,33612/31/201521.7443.6
Hospira IncHSP2/5/2015CA$90.00CA$88.891,170,53212/31/20151.252.5
Freescale Semiconductor LtdFSL3/2/2015CA$40.63CA$39.711,337,08712/31/20152.314.62
Square 1 Financial IncSQBK3/2/2015CA$28.20CA$27.5259,83812/31/20152.494.98
Alliance Bancorp Inc of PennsylvaniaALLB3/3/2015CA$8.05CA$22.6712,42012/31/2015-64.48-129.31
Catamaran Corp (USA)CTRX3/30/2015CA$61.50CA$61.152,162,98612/31/20150.571.15
QEP Midstream Partners LPQEPM4/6/2015CA$17.38CA$17.2747,31712/31/20150.611.23
Associated Estates Realty CorporationAEC4/22/2015CA$28.75CA$28.65413,96912/31/20150.350.7
Palmetto Bancshares IncPLMT4/22/2015CA$20.59CA$19.9343,90512/31/20153.336.67
Ameriana BancorpASBI6/29/2015CA$22.64CA$21.6941,34812/31/20154.378.76
Pall CorporationPLL5/13/2015CA$127.20CA$124.81690,01312/31/20151.913.84
Ann IncANN5/18/2015CA$48.61CA$48.24582,79912/31/20150.761.53
Omnicare IncOCR5/21/2015CA$98.00CA$94.201,889,60512/31/20154.038.09
Time Warner Cable IncTWC5/26/2015CA$193.89CA$181.193,053,68112/31/20157.0114.06
OM Group IncOMG6/1/2015CA$34.00CA$33.57263,77512/31/20151.282.57
Altera CorporationALTR6/1/2015CA$54.00CA$51.273,914,10812/31/20155.3210.68
Naugatuck Valley Financial CorpNVSL6/4/2015CA$11.00CA$10.646,61012/31/20153.386.79
HCC Insurance Holdings IncHCC6/10/2015CA$78.00CA$77.071,208,59212/31/20151.212.42
Louisiana Bancorp IncLABC6/18/2015CA$24.25CA$23.85111,27312/31/20151.683.36
Home Properties IncHME6/22/2015CA$75.23CA$73.211,639,69712/31/20152.765.53
Martha Stewart Living Omnimedia IncMSO6/22/2015CA$6.15CA$6.29299,01412/31/2015-2.23-4.46
Towers Watson & CoTW6/30/2015CA$124.24CA$126.995,304,43512/31/2015-2.17-4.35
Gramercy PptyGPT7/1/2015CA$23.19CA$22.464,186,84412/31/20153.256.52
Broadcom CorporationBRCM5/28/2015CA$56.91CA$51.906,336,2793/31/20169.6612.91
Chubb CorpCB7/1/2015CA$124.62CA$119.9928,811,9893/31/20163.865.16
Alcatel-LucentALU4/15/2015CA$3.76CA$3.622,399,1466/30/20163.923.93

03 July 2015 - Mergers added today GPT (Gramercy Ppty) and CB (Chubb Corp)

02 July 2015 - Merger added today is TW (Towers Watson & Co)

One new merger acquisitions added today:
  • TW: Towers Watson & Co
Willis-Towers Watson: A Merger of Equals—Not Exactly