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 27 March 2015

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
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$16.62CA$23.541,0724/25/2014-29.40
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$22.87CA$22.7539,7349/19/20140.520
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$31.40CA$43.592,21511/1/2014-27.960
Exceed Co LtdEDS12/2/2013CA$1.78CA$1.551,60012/31/201414.840
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
Riverbed Technology IncRVBD12/15/2014CA$21.00CA$20.90910,3823/31/20150.4843.66
Family Dollar Stores, IncFDO7/28/2014CA$76.50CA$79.26170,7313/31/2015-3.48-317.75
The Bank of Kentucky Financial CorpBKYF9/8/2014CA$48.16CA$48.083,0693/31/20150.1715.62
Viasystems Group IncVIAS9/22/2014CA$17.68CA$17.406693/31/20151.59145.23
CSR plcCSRE10/15/2014CA$57.64CA$51.486633/31/201511.971091.88
MicroFinancial IncorporatedMFI12/15/2014CA$10.20CA$10.4343,6233/31/2015-2.21-201.22
Caesars Acquisition CompanyCACQ12/22/2014CA$6.24CA$6.735,7363/31/2015-7.26-662.21
Colonial Financial Services, IncCOBK9/10/2014CA$13.56CA$13.985004/1/2015-3.04-221.82
Salix Pharmaceuticals LtdSLXP2/23/2015CA$173.00CA$172.60247,4574/1/20150.2316.92
Rio Alto Mining LimitedRIOM2/9/2015CA$3.53CA$2.78153,2684/15/201527.14521.3
Hudson City Bancorp, IncHCBK8/27/2012CA$10.38CA$10.18735,4064/30/20152.0121.56
DirectTVDTV5/19/2014CA$95.00CA$85.72760,8534/30/201510.83116.22
International Game TechnologyIGT7/15/2014CA$18.75CA$17.791,061,4814/30/20155.457.93
Aviv REITAVIV10/31/2014CA$36.49CA$36.3059,2924/30/20150.515.5
Hampden Bancorp IncHBNK11/4/2014CA$22.12CA$21.772004/30/20151.6117.31
Home Loan Servicing Solutions LtdHLSS2/23/2015CA$18.25CA$16.89217,1824/30/20158.0586.44
Advanced Photonix IncAPI2/2/2015CA$0.43CA$0.391,2765/31/201510.0156.24
Vitesse SemiconductorVTSS3/18/2015CA$5.28CA$5.31234,6166/28/2015-0.56-2.22
Time Warner Cable IncTWC2/13/2014CA$160.63CA$147.50702,6476/30/20158.934.19
Integrys Energy Group, IncTEG6/23/2014CA$73.75CA$72.0163,6236/30/20152.429.29
Lorillard IncLO7/15/2014CA$70.70CA$66.99541,1766/30/20155.5321.26
TRW Automotive Holdings CorpTRW9/15/2014CA$105.60CA$104.82227,1616/30/20150.742.86
Sigma-Aldrich CorporationSIAL9/22/2014CA$140.00CA$138.21251,1036/30/20151.34.98
Dresser-Rand Group IncDRC9/22/2014CA$83.00CA$79.16106,2326/30/20154.8518.64
CMS Bancorp IncCMSB9/25/2014CA$13.25CA$13.2426/30/20150.080.29
State Investors Bancorp IncSIBC12/30/2014CA$21.25CA$20.8756/30/20151.827
Wright Medical Group IncWMGI10/27/2014CA$26.98CA$25.61205,5996/30/20155.3420.53
Hudson Valley HoldingHVB11/5/2014CA$25.56CA$25.2110,8146/30/20151.375.26
Susquehanna Bancshares IncSUSQ11/12/2014CA$13.79CA$13.56409,0966/30/20151.666.39
Valley Financial CorporationVYFC11/17/2014CA$20.50CA$21.008006/30/2015-2.38-9.15
LNB Bancorp IncLNBB12/15/2014CA$17.08CA$17.651,4426/30/2015-3.23-12.43
Talisman Energy IncTLM12/16/2014CA$8.00CA$7.633,235,8576/30/20154.8518.63
Paramount Gold and Silver CorpPZG12/17/2014CA$1.06CA$1.10106,8246/30/2015-3.23-12.42
Uroplasty IncUPI12/22/2014CA$1.42CA$1.165,4006/30/201522.1585.09
Uranerz Energy CorporationURZ1/5/2015CA$1.22CA$1.1532,2056/30/20155.7722.17
Courier CorporationCRRC1/16/2015CA$25.37CA$24.2514,9016/30/20154.617.68
MeadWestvaco CorpMWV1/26/2015CA$49.59CA$49.31175,1666/30/20150.572.2
Regency Energy Partners LPRGP1/26/2015CA$23.10CA$22.9199,0746/30/20150.823.15
Advent Software IncADVS2/3/2015CA$44.25CA$44.15205,4786/30/20150.230.87
Entropic Communications IncENTR2/3/2015CA$2.94CA$2.91132,8976/30/20151.043.99
E2open IncEOPN2/5/2015CA$8.60CA$8.59116,9466/30/20150.120.45
Exelis IncXLS2/6/2015CA$23.88CA$23.60372,2156/30/20151.194.59
Orbitz Worldwide IncOWW2/12/2015CA$12.00CA$11.70612,8406/30/20152.569.85
Mavenir Systems IncMVNR3/2/2015CA$17.92CA$17.80228,4036/30/20150.662.54
Pharmacyclics IncPCYC3/4/2015CA$261.25CA$256.40350,7466/30/20151.897.27
Kofax LtdKFX3/24/2015CA$11.00CA$10.931,662,3576/30/20150.642.46
Oneida Financial CorpONFC2/24/2015CA$19.47CA$19.514,0267/31/2015-0.21-0.61
Pepco Holdings, IncPOM4/30/2014CA$27.25CA$26.83278,5408/15/20151.574.05
RTI International Metals IncRTI3/9/2015CA$36.78CA$35.91133,4238/15/20152.436.28
Heritage Financial Group IncHBOS12/10/2014CA$27.09CA$26.572,6559/30/20151.973.85
InterXion Holding NVINXN3/9/2015CA$32.68CA$28.4893,7229/30/201514.7528.8
Polypore International IncPPO2/23/2015CA$60.50CA$59.04230,9309/30/20152.474.83
Emulex CorporationELX2/25/2015CA$8.00CA$7.98116,0039/30/20150.250.49
Aruba Networks IncARUN3/2/2015CA$24.67CA$24.521,238,4719/30/20150.611.19
Integrated Silicon Solution IncISSI3/12/2015CA$19.25CA$18.05213,2249/30/20156.6512.98
Life Time Fitness IncLTM3/16/2015CA$72.10CA$70.88197,7489/30/20151.723.36
First Security Group IncFSGI3/25/2015CA$2.35CA$2.41517,03010/31/2015-2.49-4.17
Cleco CorpCNL10/20/2014CA$55.37CA$54.3591,02712/31/20151.882.46
Baker Hughes IncBHI11/17/2014CA$67.68CA$63.681,152,21412/31/20156.278.21
Hawaiian Electric Industries IncHE12/3/2014CA$25.46CA$32.1638,90512/31/2015-20.85-27.27
Meadowbrook Insurance Group IncMIG12/30/2014CA$8.65CA$8.4710,35812/31/20152.132.78
City National CorpCYN1/22/2015CA$92.79CA$89.53110,77612/31/20153.644.76
Partnerre LtdPRE1/26/2015CA$112.23CA$113.3798,83512/31/2015-1.01-1.32
Office Depot IncODP2/4/2015CA$10.77CA$9.24877,42612/31/201516.6121.73
Hospira IncHSP2/5/2015CA$90.00CA$87.77493,13912/31/20152.543.32
Freescale Semiconductor LtdFSL3/2/2015CA$40.06CA$39.70959,84012/31/20150.891.17
Square 1 Financial IncSQBK3/2/2015CA$27.05CA$25.818,43412/31/20154.816.3
Alliance Bancorp Inc of PennsylvaniaALLB3/3/2015CA$21.73CA$21.486,09212/31/20151.171.53
Bridge Capital HoldingsBBNK3/9/2015CA$23.26CA$25.345,91512/31/2015-8.2-10.73

27 March 2015 - Merger added today is FSGI (First Security Group Inc)

One new merger acquisitions added today:
  • FSGI: First Security Group Inc
Atlantic Capital to buy First Security for $160 million

26 March 2015 - Merger added today is KFX (Kofax Ltd)

One new merger acquisitions added today:
  • KFX: Kofax Ltd
Lexmark (LXK) to Acquire Kofax (KFX) in ~$1B Deal