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 18 January 2017

CompanySymbolLast PriceClosing ValueProfit Closing Date
Caesars Acquisition CompanyCACQ$14.45$5.94-58.89%3/31/2016
Alere IncALR$40.28$56.0039.03%6/30/2016
Fidelity & Guaranty LifeFGL$24.15$26.8010.97%6/30/2016
Cnova NVCNV$5.49$5.500.18%9/30/2016
Incontact IncSAAS$13.99$14.000.07%9/30/2016
CIFC LLCCIFC$11.40$11.36-0.35%11/22/2016
E I Du Pont De Nemours And CoDD$72.97$73.500.73%12/31/2016
Apollo Education Group IncAPOL$9.94$10.000.60%12/31/2016
National Interstate CorporationNATL$32.51$32.50-0.03%12/31/2016
Suffolk BancorpSCNB$41.98$42.521.29%12/31/2016
Apigee CorpAPIC$17.38$17.400.12%12/31/2016
AEP IndustriesAEPI$119.00$118.65-0.29%1/20/2017
Rite Aid CorporationRAD$8.67$9.003.81%1/27/2017
CIGNA CorporationCI$144.77$179.0123.65%1/31/2017
Media General IncMEG$18.51$18.20-1.67%1/31/2017
CST Brands IncCST$48.20$48.530.68%1/31/2017
American Farmland CoAFCO$7.91$8.011.26%1/31/2017
WCI Communities IncWCIC$23.45$23.500.21%1/31/2017
Humana IncHUM$204.04$226.3710.94%2/15/2017
Ariad Pharmaceuticals IncARIA$23.67$24.001.39%2/28/2017
KongZhong CorporationKZ$7.00$7.507.14%3/31/2017
TeamHealth Holdings IncTMH$43.45$43.500.12%3/31/2017
Trina Solar Limited (ADR)TSL$10.07$11.5514.70%3/31/2017
Synutra International IncSYUT$5.45$6.0511.01%3/31/2017
Federal Mogul HldgsFDML$9.87$10.001.32%3/31/2017
Valspar CorpVAL$107.25$113.005.36%3/31/2017
Westar Energy IncWR$55.22$60.008.66%3/31/2017
Carolina Bank Holding IncCLBH$25.69$25.67-0.08%3/31/2017
WhiteWave Foods CoWWAV$55.38$56.251.57%3/31/2017
InterOil Corporation (USA)IOC$48.21$45.00-6.66%3/31/2017
Yadkin Financial CorpYDKN$32.39$32.751.11%3/31/2017
Spectra Energy CorpSE$42.81$43.170.84%3/31/2017
Columbia Pipeline Partners LPCPPL$17.15$17.00-0.87%3/31/2017
Endurance Specialty Holdings LtdENH$92.68$93.000.35%3/31/2017
JP Energy Partners LPJPEP$10.15$10.281.28%3/31/2017
Lattice SemiconductorLSCC$7.15$8.3016.08%3/31/2017
Blue Nile IncNILE$40.69$40.750.15%3/31/2017
Energy Transfer Partners LPETP$36.65$36.960.85%3/31/2017
Lifelock IncLOCK$23.92$24.000.33%3/31/2017
Headwaters IncHW$23.29$24.254.12%3/31/2017
Applied Micro Circuits CorporationAMCC$8.40$8.36-0.48%3/31/2017
Intralinks Holdings IncIL$13.00$13.000.00%3/31/2017
PrivateBancorp IncPVTB$53.60$49.71-7.26%3/31/2017
Stillwater Mining CompanySWC$16.98$18.006.01%3/31/2017
Lionbridge Technologies IncLIOX$5.70$5.750.88%3/31/2017
Calamos Asset Management IncCLMS$8.37$8.25-1.43%3/31/2017
Derma Sciences IncDSCI$7.00$7.000.00%3/31/2017
Syngenta AG (ADR)SYT$84.24$96.0113.97%4/30/2017
B/E Aerospace IncBEAV$61.32$62.001.11%4/30/2017
Linear Technology CorporationLLTC$62.34$62.780.71%6/30/2017
Joy Global IncJOY$28.14$28.300.57%6/30/2017
EverBank Financial CorpEVER$19.40$19.500.52%6/30/2017
G&K Services IncGK$96.62$97.500.91%6/30/2017
Cardinal Financial CorporationCFNL$30.51$30.991.57%6/30/2017
Intersil CorpISIL$22.31$22.500.85%6/30/2017
Agrium IncAGU$104.47$104.640.16%6/30/2017
Potash Corporation of Saskatchewan IncPOT$18.77$18.74-0.16%6/30/2017
Isle of Capri CasinosISLE$23.63$26.4511.93%6/30/2017
Chemtura CorpCHMT$33.10$33.501.21%6/30/2017
Cabelas IncCAB$57.66$65.5013.60%6/30/2017
Georgetown BancorpGTWN$25.75$26.000.97%6/30/2017
Alon USA Energy IncALJ$11.81$11.74-0.59%6/30/2017
Qunar Cayman Islands LtdQUNR$30.49$30.34-0.49%6/30/2017
Genworth Financl-AGNW$3.87$5.4340.31%6/30/2017
Middleburg Financial CorpMBRG$36.37$37.723.71%6/30/2017
Merchants Bancshares IncMBVT$50.50$50.690.38%6/30/2017
American DG Energy IncADGE$0.36$0.372.78%6/30/2017
Inteliquent IncIQNT$22.94$23.000.26%6/30/2017
Metaldyne Performance Group IncMPG$23.10$23.662.42%6/30/2017
EarthLink HoldingsELNK$6.15$6.637.80%6/30/2017
Universal American CorporationUAM$9.94$10.000.60%6/30/2017
Western Refining IncWNR$34.89$35.160.77%6/30/2017
Cascade BancorpCACB$7.80$7.962.05%6/30/2017
Vascular Solutions IncVASC$55.75$56.000.45%6/30/2017
FairPoint Communications common stockFRP$18.45$38.01106.02%6/30/2017
Heritage Oaks BancorpHEOP$12.50$12.620.96%6/30/2017
InvenSense IncINVN$12.77$13.001.80%6/30/2017
CEBCEB$76.50$76.710.27%6/30/2017
Pacific Continental CorporationPCBK$25.55$26.232.66%6/30/2017
Surgical Care Affiliates IncSCAI$56.66$57.000.60%6/30/2017
Level 3 Communications IncLVLT$58.74$62.897.07%9/30/2017
CLARCOR IncCLC$82.45$83.000.67%9/30/2017
Neustar IncNSR$32.85$33.501.98%9/30/2017
Southwest Bancorp IncOKSB$27.30$27.942.34%9/30/2017
Eastern Virginia Bankshares IncEVBS$10.05$10.231.79%9/30/2017
VCA IncWOOF$90.98$93.002.22%9/30/2017
Brocade Communications Systems IncBRCD$12.47$12.752.25%10/31/2017
Monsanto CompanyMON$108.17$128.0018.33%12/31/2017
Gas Natural IncEGAS$12.60$13.103.97%12/31/2017
Time Warner IncTWX$94.87$105.7011.42%12/31/2017
NXP Semiconductors NVNXPI$97.62$110.0012.68%12/31/2017

12 January 2017 - Merger added today is DSCI (Derma Sciences Inc)

One new merger acquisitions added today:
  • DSCI: Derma Sciences Inc
Integra LifeSciences (IART) to Acquire Derma Sciences (DSCI) for $7/Share, or 40% Premium

11 January 2017 - Mergers added today ARIA (Ariad Pharmaceuticals Inc), PCBK (Pacific Continental Corporation), SCAI (Surgical Care Affiliates Inc), and WOOF (VCA Inc)

Four new merger acquisitions added today:
  • ARIA: Ariad Pharmaceuticals Inc
  • PCBK: Pacific Continental Corporation
  • SCAI: Surgical Care Affiliates Inc
  • WOOF: VCA Inc
Takeda to Acquire ARIAD Pharmaceuticals Inc 
Pacific Continental (PCBK) to Merge Into Columbia Banking System (COLB) 
UnitedHealth's (UNH) Optum to Acquire Surgical Care Affiliates (SCAI) for $57/Share 
Mars to Acquire VCA Inc (WOOF) for $9.1B