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 24 May 2016

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Caesars Acquisition CompanyCACQ12/22/2014$4.59$8.9537,4893/31/2016-48.660
Alcatel-LucentALU4/15/2015$2.87$3.465,675,5073/31/2016-17.020
Fuel Systems Solutions IncFSYS9/1/2015$4.36$5.0411,6203/31/2016-13.40
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$12.75$12.9012,8313/31/2016-1.130
Taomee Holdings LtdTAOM12/11/2015$3.72$3.611,7044/30/20162.960
Airgas IncARG11/17/2015$143.00$142.951005/23/20160.030
iDreamSky Technology LtdDSKY12/31/2015$13.95$13.7071,2375/31/20161.8295.15
Biotie Therapies Oyj (ADR)BITI1/19/2016$26.87$26.226355/31/20162.47128.77
Williams Companies IncWMB9/28/2015$27.44$21.9511,343,4016/28/201625260.69
Cablevision Systems CorporationCVC9/17/2015$34.90$34.582,493,9526/30/20160.939.13
Alere IncALR2/1/2016$56.00$40.71488,8516/30/201637.56370.51
Hawaiian Electric Industries IncHE12/3/2014$28.97$32.41400,9486/30/2016-10.61-104.68
eLong IncLONG2/4/2016$17.95$17.957,1106/30/201600
Qihoo 360 Technology Co LtdQIHU12/18/2015$76.95$73.403,165,5556/30/20164.8447.71
SL Industries IncSLI4/7/2016$40.00$40.026,6736/30/2016-0.05-0.49
Baxalta IncBXLT1/11/2016$45.59$44.6110,156,3606/30/20162.1921.65
TECO Energy IncTE9/4/2015$27.55$27.501,314,3186/30/20160.181.79
The Phoenix Companies IncPNX9/29/2015$37.50$36.856,8786/30/20161.7617.4
KLA-Tencor CorpKLAC10/21/2015$70.41$69.75868,4366/30/20160.959.33
Northern Tier Energy LPNTI12/21/2015$21.72$21.51367,6316/30/20160.979.56
Hutchinson Technology IncorporatedHTCH11/2/2015$4.00$3.5572,6456/30/201612.68125.05
Fidelity & Guaranty LifeFGL11/9/2015$26.80$24.69194,4196/30/20168.5584.3
C1 Financial IncBNK11/9/2015$25.00$23.2049,0856/30/20167.7676.54
Starwood Hotels & Resorts Worldwide IncHOT11/16/2015$72.89$72.591,638,3386/30/20160.414.05
Fairchild Semiconductor Intl IncFCS11/18/2015$20.00$19.91763,5156/30/20160.454.46
National Holdings CorporationNHLD4/28/2016$3.25$3.0912,9256/30/20165.1851.08
Monarch Financial Holdings IncMNRK12/17/2015$18.61$18.4811,4686/30/20160.727.13
Waste Connections IncWCN1/19/2016$69.39$69.31660,4496/30/20160.111.1
Questar CorporationSTR2/1/2016$25.00$25.10811,8016/30/2016-0.4-3.93
China Ming Yang Wind Power Group LtdMY2/3/2016$2.46$2.40580,3306/30/20162.524.66
Multi-Fineline Electronix IncMFLX2/4/2016$23.95$22.0668,2426/30/20168.5784.52
Cascade Microtech IncCSCD2/4/2016$20.64$20.5928,3236/30/20160.242.35
Rouse Properties IncRSE2/25/2016$18.25$18.20148,4766/30/20160.272.71
Tumi Holdings IncTUMI3/3/2016$26.75$26.69269,8266/30/20160.222.22
Alliance Fiber Optic Products IncAFOP4/8/2016$18.50$18.50252,3586/30/201600
Hansen Medical IncHNSN4/20/2016$4.00$4.0130,4496/30/2016-0.25-2.46
Alexza Pharmaceuticals IncALXA5/10/2016$0.90$0.96513,0256/30/2016-6.25-61.66
Nanosphere IncNSPH5/16/2016$1.35$1.6626,701,9586/30/2016-18.67-184.22
Columbia Pipeline Group IncCPGX3/17/2016$25.50$25.515,770,2047/1/2016-0.04-0.38
Cheviot Financial CorpCHEV11/24/2015$14.87$15.014,9627/15/2016-0.94-6.57
Wilshire Bancorp IncWIBC12/7/2015$10.94$10.93435,5217/31/20160.070.39
Avenue Financial Holdings IncAVNU1/28/2016$19.55$19.629,2147/31/2016-0.34-1.82
Symmetry Surgical IncSSRG5/2/2016$13.10$13.0642,3457/31/20160.311.64
Southcoast Financial CorporationSOCB8/14/2015$13.35$13.922518/1/2016-4.09-21.66
RR Media LtdRRM2/26/2016$13.29$13.064,9508/15/20161.777.78
Apollo Residential Mortgage IncAMTG2/26/2016$14.08$13.36244,5138/15/20165.423.73
China Nepstar Chain Drugstore Ltd (ADR)NPD3/16/2016$2.57$2.4533,7889/30/20164.913.86
First Niagara Financial Group IncFNFG10/30/2015$10.79$10.651,645,9619/30/20161.283.62
Textura CorpTXTR4/28/2016$26.00$26.01189,8329/30/2016-0.04-0.11
Fox Chase Bancorp IncFXCB12/8/2015$18.89$19.5926,6689/30/2016-3.58-10.14
Firstmerit CorpFMER1/26/2016$22.54$22.34963,3059/30/20160.912.58
Tyco International plcTYC1/25/2016$40.82$41.193,672,0049/30/2016-0.91-2.56
LaPorte Bancorp IncLPSB3/10/2016$15.05$15.881,1509/30/2016-5.25-14.87
Rofin Sinar Technologies IncRSTI3/16/2016$32.50$31.91134,2669/30/20161.855.23
Hatteras Financial Corp Real Estate TrustHTS4/11/2016$16.35$16.241,472,1149/30/20160.71.99
Polycom IncPLCM4/15/2016$12.45$11.091,072,2789/30/201612.2434.63
Cvent IncCVT4/18/2016$36.00$35.74313,7579/30/20160.732.06
Examworks Group IncEXAM4/27/2016$35.05$34.73727,5069/30/20160.922.61
TiVo IncTIVO4/29/2016$10.70$9.98887,0999/30/20167.2120.41
United Online IncUNTD5/4/2016$11.00$10.85109,1539/30/20161.383.91
Krispy Kreme DoughnutsKKD5/9/2016$21.00$21.352,159,6289/30/2016-1.64-4.64
Cnova NVCNV5/12/2016$5.50$5.06101,8009/30/20168.724.6
Anacor Pharmaceuticals IncANAC5/16/2016$99.25$99.392,138,5639/30/2016-0.14-0.4
Incontact IncSAAS5/18/2016$14.00$13.842,494,6899/30/20161.163.27
China Metro-Rural Holdings LimitedCNR5/20/2016$1.03$1.035,1959/30/201600
Media General IncMEG1/27/2016$16.82$17.13392,92810/31/2016-1.79-4.08
EMC CorporationEMC10/12/2015$30.65$27.7010,740,18110/31/201610.6524.3
Your Community Bankshares IncYCB5/3/2016$38.36$37.52138,71711/15/20162.234.64
Morgans Hotel Group CoMHGC5/9/2016$2.25$2.17171,41211/15/20163.697.69
Humana IncHUM7/3/2015$217.20$169.591,160,90712/31/201628.0746.37
AGL Resources IncGAS8/24/2015$66.00$65.59605,83012/31/20160.631.03
Piedmont Natural Gas Company IncPNY10/26/2015$60.00$59.76231,01912/31/20160.40.66
Rite Aid CorporationRAD10/27/2015$9.00$7.679,083,61912/31/201617.3428.64
E-House (China) Holdings Limited (ADR)EJ4/15/2016$6.80$6.48422,99512/31/20164.948.16
Astoria Financial CorpAF10/29/2015$15.57$15.27396,32012/31/20161.963.24
E I Du Pont De Nemours And CoDD12/11/2015$67.00$67.005,794,92412/31/20160-0.01
Ku6 Media Co Ltd (ADR)KUTV4/5/2016$1.03$0.989,32412/31/20165.18.43
Syngenta AG (ADR)SYT2/3/2016$96.01$79.44455,69912/31/201620.8634.45
Apollo Education Group IncAPOL2/8/2016$10.00$9.17774,66912/31/20169.0514.95
ITC LtdITC2/9/2016$44.45$43.67386,14812/31/20161.792.95
Ingram Micro IncIM2/17/2016$38.90$34.562,304,06412/31/201612.5620.74
Carmike Cinemas IncCKEC3/3/2016$30.00$29.77172,27112/31/20160.771.28
1st Century Bancshares IncFCTY3/10/2016$11.22$11.101,63212/31/20161.081.79
IHS IncIHS3/21/2016$122.60$121.07237,43912/31/20161.262.08
Chicopee Bancorp IncCBNK4/4/2016$18.79$18.3466,02512/31/20162.474.09
Lexmark International IncLXK4/19/2016$40.50$38.03655,99812/31/20166.4910.73
First Clover Leaf Financial CorpFCLF4/26/2016$12.51$11.8616,28512/31/20165.479.03
Parkway Properties IncPKY4/29/2016$16.87$17.08726,59212/31/2016-1.23-2.03
Dreamworks Animation Skg IncDWA4/28/2016$41.00$40.081,022,25412/31/20162.33.79
St Jude Medical IncSTJ4/28/2016$80.64$76.303,731,97112/31/20165.699.4
Cash America International IncCSH4/28/2016$38.41$35.90206,45512/31/2016711.56
Opower IncOPWR5/2/2016$10.30$10.283,004,96312/31/20160.190.32
IMS Health Holdings IncIMS5/3/2016$25.90$25.274,387,85312/31/20162.514.15
Memorial Resource Development CorpMRD5/16/2016$14.73$15.282,563,00612/31/2016-3.62-5.99
Cordia Bancorp IncBVA5/20/2016$5.15$5.0361,45112/31/20162.393.94
Virgin America IncVA4/4/2016$57.00$55.65483,3381/1/20172.433.99
CIGNA CorporationCI7/24/2015$172.01$126.154,228,6771/31/201736.3652.66
Lake Sunapee Bank GroupLSBG5/5/2016$17.07$15.5827,9932/15/20179.5813.09
Empire District Electric CoEDE2/9/2016$34.00$33.42224,6013/31/20171.742.04
Valspar CorpVAL3/21/2016$113.00$106.87614,8993/31/20175.746.73

23 May 2016 - Mergers added today CNR (China Metro-Rural Holdings Limited) and BVA (Cordia Bancorp Inc)

20 May 2016 - Merger added today is SAAS (Incontact Inc)

One new merger acquisitions added today:
  • SAAS: Incontact Inc
NICE Systems (NICE) to Acquire inContact (SAAS) in ~$940M Deal