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 28 November 2014

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Hampden Bancorp IncHBNK11/4/2014$20.94$20.223,762Unknown3.550
Belo CorpBLC6/13/2013$13.75$13.74684,77312/31/20130.070
Analysts International CorpANLY8/28/2013$6.45$6.443,90012/31/20130.160
Gentium S.p.A.GENT12/19/2013$57.00$55.0414,0593/31/20143.560
Pacer International, IncPACR1/6/2014$9.00$8.96815,6583/31/20140.450
Tower Financial CorpTOFC9/10/2013$17.51$23.541,0724/25/2014-25.620
ArthroCare CorpARTC2/3/2014$48.25$48.60916,4395/29/2014-0.720
Responsys IncMKTG12/20/2013$27.00$26.983,750,6816/30/20140.070
Coastal Contacts IncCOA2/27/2014$11.21$11.2921,0726/30/2014-0.750
OBA Financial Services IncOBAF4/8/2014$22.87$22.7539,7349/19/20140.520
Overland Storage, IncOVRL5/16/2014$4.11$3.76103,4579/30/20149.320
Aeroflex Holding CorpARX5/20/2014$10.50$10.50406,7409/30/201400
OpenTable IncOPEN6/13/2014$103.00$102.953,651,5719/30/20140.050
First Financial Service CorpFFKY4/22/2014$4.06$3.6311810/30/201411.90
XRS CorpXRSC9/2/2014$5.60$5.60010/31/201400
LSB Financial CorpLSBI6/4/2014$33.19$43.592,21511/1/2014-23.850
Hudson City Bancorp, IncHCBK8/27/2012$10.62$9.803,652,79712/31/20148.3592.33
Compuware CorporationCPWR9/2/2014$10.92$10.291,665,71012/31/20146.1267.72
Exceed Co LtdEDS12/2/2013$1.78$1.592,41312/31/201411.95132.17
SWS Group, IncSWS4/1/2014$7.15$7.14106,11612/31/20140.22.19
TriQuint SemiconductorTQNT2/24/2014$24.94$24.852,396,57312/31/20140.374.04
Safeway IncSWY3/6/2014$36.15$34.801,056,36412/31/20143.8842.91
OmniAmerican Bancorp, IncOABC4/29/2014$27.74$27.159,39812/31/20142.1824.1
American Realty Capital Healthcare Trust, IncHCT6/2/2014$11.98$11.313,316,25112/31/20145.9765.99
Covidien plcCOV6/16/2014$105.44$100.542,304,20212/31/20144.8753.87
Auxilium Pharmaceuticals, IncAUXL6/26/2014$34.29$34.28768,99112/31/20140.040.42
Kodiak Oil & Gas CorpKOG7/14/2014$9.41$9.373,062,80812/31/20140.384.22
AMBIT BIOSCIENCES DLAMBI9/29/2014$15.00$15.60140,14012/31/2014-3.85-42.54
Pike Electric CorporationPIKE8/4/2014$12.00$11.99468,80812/31/20140.080.92
InterMune, IncITMN8/25/2014$74.00$73.895,16912/31/20140.151.65
Taminco CorpTAM9/11/2014$26.00$25.93378,05312/31/20140.272.99
Conversant IncCNVR9/11/2014$35.00$34.93475,13012/31/20140.22.22
Le Gaga Holdings Ltd ADRGAGA7/30/2014$4.01$3.9824,49612/31/20140.758.34
Einstein Noah Restaurant Group IncBAGL9/29/2014$20.25$20.23142,01212/31/20140.11.09
TIBCO SoftwareTIBX9/29/2014$24.00$24.0327,626,33212/31/2014-0.12-1.38
APCO Argentina IncAPAGF10/3/2014$14.50$14.1416,91912/31/20142.5528.16
World Energy SolutionsXWES11/4/2014$5.50$5.4640,6101/15/20150.735.57
Orbital Sciences CorpORB4/29/2014$51.35$27.53429,9591/31/201586.53493.5
Protective Life CorpPL6/3/2014$70.00$69.75519,4621/31/20150.362.04
Williams Partners LPWPZ10/27/2014$57.12$54.58850,2671/31/20154.6526.51
International Rectifier CorporationIRF8/20/2014$40.00$39.89758,6571/31/20150.281.57
Chiquita Brands InternationalCQB10/27/2014$14.50$14.47605,8381/31/20150.211.18
Fortegra Financial CorpFRF8/12/2014$10.00$9.975,5861/31/20150.31.72
Peregrine Semiconductor CorpPSMI8/22/2014$12.50$12.46715,3901/31/20150.321.83
Multimedia Games Holding Company IncMGAM9/8/2014$36.50$36.28431,6661/31/20150.613.46
Elecsys CorporationESYS11/4/2014$17.50$17.3913,8571/31/20150.633.61
Linedata Services SALIN3/21/2014$23.00$24.41431,3673/31/2015-5.78-17.17
Gentiva Health ServicesGTIV10/9/2014$19.61$19.43298,9253/31/20150.952.81
Chyron CorporationCHYR11/17/2014$2.82$2.8430,3623/31/2015-0.7-2.09
Rockwood Holdings, IncROC7/15/2014$80.27$79.17374,4803/31/20151.394.12
Franklin Financial CorpFRNK7/15/2014$20.57$20.187,4293/31/20151.915.68
Family Dollar Stores, IncFDO7/28/2014$74.50$79.041,016,5173/31/2015-5.74-17.04
GFI Group IncGFIG7/30/2014$4.55$5.00211,3933/31/2015-9-26.71
Intervest Bancshares CorpIBCA7/31/2014$10.37$9.9627,4953/31/20154.1212.22
NB&T Financial Group, IncNBTF8/4/2014$31.02$30.546,2003/31/20151.574.66
Peoples Federal Bancshares, IncPEOP8/5/2014$22.33$21.642613/31/20153.199.45
The Bank of Kentucky Financial CorpBKYF9/8/2014$47.78$47.088,5183/31/20151.484.4
Colonial Financial Services, IncCOBK9/10/2014$13.23$13.1921,8013/31/20150.310.91
Glimcher Realty TrustGRT9/16/2014$13.83$13.762,366,1553/31/20150.51.49
Viasystems Group IncVIAS9/22/2014$16.20$15.8727,3433/31/20152.096.2
Simplicity Bancorp IncSMPL9/29/2014$16.62$16.629,3623/31/201500
OILTANKING PARTNERS LPUTSOILT11/12/2014$51.14$50.82114,5943/31/20150.631.88
Dawson Geophysical CompanyDWSN10/9/2014$15.15$14.7264,3063/31/20152.958.74
Atlas America IncATLS10/13/2014$31.80$38.60523,8443/31/2015-17.62-52.28
Atlas Pipeline Partners LPAPL10/13/2014$35.71$35.36353,4353/31/20150.992.94
CSR plcCSRE10/15/2014$57.64$52.126,0553/31/201510.5931.43
Penford CorporationPENX10/15/2014$19.00$18.9719,0283/31/20150.160.47
BTU International IncBTUI10/22/2014$2.99$2.9811,4713/31/20150.280.82
Digital River IncDRIV10/23/2014$26.00$25.39283,7233/31/20152.47.13
Aviv REITAVIV10/31/2014$34.16$33.30940,6493/31/20152.577.62
AmREIT IncAMRE10/31/2014$26.55$26.50301,0223/31/20150.190.56
CovanceCVD11/3/2014$103.00$101.282,582,4803/31/20151.75.03
Sapient CorporationSAPE11/3/2014$25.00$24.671,808,0163/31/20151.343.97
Oplink Communications IncOPLK11/19/2014$24.25$24.16666,4233/31/20150.371.11
Cimatron LtdCIMT11/24/2014$8.97$8.67320,9873/31/20153.4610.27
PROSENSA HLDG NVRNA11/24/2014$17.75$20.311,217,8873/31/2015-12.6-37.4
DirectTVDTV5/19/2014$95.00$87.152,199,6594/30/20159.0121.49
Time Warner Cable IncTWC2/13/2014$163.47$149.53854,1446/30/20159.3215.9
AllerganAGN11/17/2014$228.83$214.001,579,4176/30/20156.9311.82
Integrys Energy Group, IncTEG6/23/2014$73.27$71.87215,6076/30/20151.943.31
Lorillard IncLO7/15/2014$69.47$62.871,586,5116/30/201510.4917.9
International Game TechnologyIGT7/15/2014$18.75$17.191,212,6696/30/20159.0815.48
Trulia IncTRLA7/28/2014$53.37$51.47297,0266/30/20153.76.31
TRW Automotive Holdings CorpTRW9/15/2014$105.60$103.51881,1406/30/20152.023.44
Sigma-Aldrich CorporationSIAL9/22/2014$140.00$136.53574,8756/30/20152.544.33
Dresser-Rand Group IncDRC9/22/2014$83.00$82.101,038,1026/30/20151.11.87
CMS Bancorp IncCMSB9/25/2014$13.25$12.832,0006/30/20153.275.58
CareFusion CorpCFN10/6/2014$59.98$59.222,104,3696/30/20151.282.18
Wright Medical Group IncWMGI10/27/2014$28.18$29.59821,0156/30/2015-4.75-8.1
ESB Financial CorporationESBF10/29/2014$18.74$18.4119,6716/30/20151.783.04
Hudson Valley HoldingHVB11/5/2014$26.30$25.7132,5676/30/20152.313.94
Susquehanna Bancshares IncSUSQ11/12/2014$13.63$13.271,486,9726/30/20152.744.67
Valley Financial CorporationVYFC11/17/2014$20.50$19.7850,4336/30/20153.646.21
Platinum Underwriters Holdings LtdPTP11/24/2014$65.19$75.00366,2016/30/2015-13.08-22.3
Pepco Holdings, IncPOM4/30/2014$27.25$27.471,134,1018/15/2015-0.8-1.12
Concur Technologies IncCNQR9/18/2014$129.00$128.77408,76512/4/20150.180.18
Cleco CorpCNL10/20/2014$55.37$53.98419,46212/31/20152.582.36
Baker Hughes IncBHI11/17/2014$74.81$62.585,261,23512/31/201519.5417.92

25 November 2014 - Mergers added today CIMT (Cimatron Ltd), RNA (PROSENSA HLDG NV) and PTP (Platinum Underwriters Holdings Ltd)

Three new merger acquisitions added today:
  • CIMT: Cimatron Ltd
  • RNA: PROSENSA HLDG NV
  • PTP: Platinum Underwriters Holdings Ltd
GibbsCAM Now Includes VoluMill 
BioMarin Pharma (BMRN) to Acquire Prosensa (RNA) for $17.75/Share 
Platinum Underwriters (PTP) to be Acquired by RenaissanceRe Holdings in $1.9B Deal

24 November 2014 - Merger added today is OPLK (Oplink Communications Inc)

14 November 2014 - Mergers added today OILT (Oiltanking Partners LPUTS) and SUSQ (Susquehanna Bancshares Inc)

Two new merger acquisitions added today:
  • OILT: Oiltanking Partners LPUTS
  • SUSQ: Susquehanna Bancshares Inc
Enterprise Products Partners Takes Final Step in $6 Billion Merger with Oiltanking Partners 
BB&T To Acquire Susquehanna Bancshares In $2.5 Bln Deal