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 22 May 2015

CompanySymbolDate AnnouncedClosing ValueLast PriceLast VolumeClosing DateProfit Annualised Profit
Shanda Games LimitedGAME4/6/2015CA$7.05CA$6.92294,111Unknown1.880
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$16.82CA$23.541,0724/25/2014-28.530
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$24.31CA$22.7539,7349/19/20146.860
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$31.90CA$43.592,21511/1/2014-26.810
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$54.932,8543/31/20154.930
MicroFinancial IncorporatedMFI12/15/2014CA$10.20CA$10.4343,6233/31/2015-2.210
Caesars Acquisition CompanyCACQ12/22/2014CA$6.61CA$7.5065,5073/31/2015-11.820
DirectTVDTV5/19/2014CA$95.00CA$91.553,504,4614/30/20153.770
Kofax LtdKFX3/24/2015CA$11.00CA$10.99665,4655/21/20150.090
Family Dollar Stores, IncFDO7/28/2014CA$76.50CA$78.121,120,5985/31/2015-2.07-84.1
Viasystems Group IncVIAS9/22/2014CA$18.30CA$18.319,8165/31/2015-0.06-2.61
Lorillard IncLO7/15/2014CA$72.53CA$71.754,274,6366/30/20151.0810.13
The Bank of Kentucky Financial CorpBKYF9/8/2014CA$49.49CA$49.2712,6646/30/20150.444.16
Sigma-Aldrich CorporationSIAL9/22/2014CA$140.00CA$139.061,574,2386/30/20150.686.33
Dresser-Rand Group IncDRC9/22/2014CA$83.00CA$84.34432,7746/30/2015-1.59-14.87
State Investors Bancorp IncSIBC12/30/2014CA$21.25CA$21.102,0006/30/20150.716.65
Wright Medical Group IncWMGI10/27/2014CA$26.48CA$26.30900,9646/30/20150.76.54
Hudson Valley HoldingHVB11/5/2014CA$25.96CA$25.9023,0536/30/20150.232.11
Susquehanna Bancshares IncSUSQ11/12/2014CA$14.07CA$13.92793,4556/30/20151.059.83
Valley Financial CorporationVYFC11/17/2014CA$20.50CA$20.503206/30/201500
LNB Bancorp IncLNBB12/15/2014CA$17.98CA$18.209,0956/30/2015-1.18-11.06
Uranerz Energy CorporationURZ1/5/2015CA$1.20CA$1.1486,2386/30/20154.9145.93
Courier CorporationCRRC1/16/2015CA$26.11CA$24.5547,7746/30/20156.3559.43
MeadWestvaco CorpMWV1/26/2015CA$51.46CA$51.25856,6186/30/20150.43.77
Advent Software IncADVS2/3/2015CA$44.25CA$43.88309,8546/30/20150.847.89
Exelis IncXLS2/6/2015CA$24.76CA$24.561,287,5256/30/20150.837.79
Orbitz Worldwide IncOWW2/12/2015CA$12.00CA$11.513,043,9386/30/20154.2639.84
Pharmacyclics IncPCYC3/4/2015CA$261.25CA$258.73328,8586/30/20150.979.12
Revett Mining Co IncRVM3/27/2015CA$0.52CA$0.5148,7296/30/20152.7325.52
AuRico Gold IncAUQ4/13/2015CA$3.55CA$3.501,973,2356/30/20151.514.01
Dover Saddlery IncDOVR4/14/2015CA$8.50CA$8.4823,0796/30/20150.242.21
Procera Networks IncPKT4/22/2015CA$11.50CA$11.47207,9306/30/20150.262.45
Synageva Biopharma CorpGEVA5/6/2015CA$217.01CA$213.401,189,1756/30/20151.6915.84
Exceed Co LtdEDS12/2/2013CA$1.78CA$1.65156,1857/31/20157.8841.08
Oneida Financial CorpONFC2/24/2015CA$20.18CA$19.8328,6127/31/20151.769.18
GrafTech International LtdGTI5/18/2015CA$5.05CA$5.041,901,2797/31/20150.21.03
Clicksoftware Technologies LtdCKSW4/30/2015CA$12.65CA$12.5696,6037/31/20150.723.74
Micrel IncorporatedMCRL5/7/2015CA$14.00CA$13.91790,8337/31/20150.653.37
Pepco Holdings, IncPOM4/30/2014CA$27.25CA$26.962,104,8948/15/20151.084.62
RTI International Metals IncRTI3/9/2015CA$36.95CA$36.85342,9658/15/20150.271.18
Informatica CorporationINFA4/7/2015CA$48.75CA$48.411,934,5918/15/20150.73.02
Integrys Energy Group, IncTEG6/23/2014CA$73.55CA$73.65182,5709/30/2015-0.14-0.39
OmniVision Technologies IncOVTI4/30/2015CA$29.75CA$27.18316,5669/30/20159.4626.35
Heritage Financial Group IncHBOS12/10/2014CA$27.45CA$27.3512,7429/30/20150.350.98
Partnerre LtdPRE1/26/2015CA$133.51CA$134.40580,1209/30/2015-0.66-1.84
InterXion Holding NVINXN3/9/2015CA$39.85CA$29.61240,7399/30/201534.5896.35
Polypore International IncPPO2/23/2015CA$60.50CA$59.821,261,8109/30/20151.143.17
Integrated Silicon Solution IncISSI3/12/2015CA$19.25CA$20.17698,1429/30/2015-4.56-12.71
Life Time Fitness IncLTM3/16/2015CA$72.10CA$71.84770,4449/30/20150.361.01
Montpelier Re Holdings LtdMRH3/31/2015CA$39.56CA$39.10384,7779/30/20151.183.28
Zep IncZEP4/8/2015CA$20.05CA$19.90289,8349/30/20150.752.1
Baltic Trading LimitedBALT4/8/2015CA$1.49CA$1.46245,5789/30/20152.085.8
LRR Energy LPLRE4/20/2015CA$8.84CA$7.8496,2939/30/201512.8135.68
IGATE CorpIGTE4/27/2015CA$48.00CA$47.462,815,8549/30/20151.143.17
AOL IncAOL5/12/2015CA$50.00CA$50.283,533,5879/30/2015-0.56-1.55
MCG Capital CorpMCGC4/29/2015CA$4.75CA$4.72628,7289/30/20150.641.77
Audience IncADNC4/30/2015CA$5.00CA$4.86211,5239/30/20152.888.03
Cyan IncCYNI5/4/2015CA$5.17CA$4.98524,7729/30/20153.910.88
PMFG IncPMFG5/4/2015CA$6.85CA$6.4491,9289/30/20156.3717.74
Borderfree IncBRDR5/5/2015CA$14.00CA$13.96109,3529/30/20150.290.8
Quality Distribution IncQLTY5/6/2015CA$16.00CA$15.81419,9239/30/20151.23.35
Crestwd Midstr PrnCMLP5/6/2015CA$15.40CA$14.18736,2919/30/20158.623.97
Rosetta Resources IncROSE5/11/2015CA$24.93CA$23.552,166,3159/30/20155.8716.35
Trade Street Residential IncTSRE5/11/2015CA$7.18CA$7.2953,5329/30/2015-1.44-4.01
Williams Partners LPWPZ5/13/2015CA$59.33CA$58.121,685,7019/30/20152.085.8
Hudson City Bancorp, IncHCBK8/27/2012CA$10.38CA$9.612,382,65110/31/20158.0618.16
First Security Group IncFSGI3/25/2015CA$2.35CA$2.4249,61210/31/2015-2.89-6.52
Cleco CorpCNL10/20/2014CA$55.37CA$54.441,080,97512/31/20151.712.8
Baker Hughes IncBHI11/17/2014CA$69.37CA$64.262,021,50012/31/20157.9513.01
Hawaiian Electric Industries IncHE12/3/2014CA$25.24CA$31.00319,35912/31/2015-18.59-30.42
Meadowbrook Insurance Group IncMIG12/30/2014CA$8.65CA$8.53461,99512/31/20151.412.3
Perfect World Co LtdPWRD4/27/2015CA$20.15CA$19.76142,46712/31/20151.973.23
City National CorpCYN1/22/2015CA$96.09CA$93.181,148,54512/31/20153.135.12
Office Depot IncODP2/4/2015CA$10.78CA$9.285,338,69812/31/201516.226.52
Hospira IncHSP2/5/2015CA$90.00CA$88.13664,38812/31/20152.123.47
Freescale Semiconductor LtdFSL3/2/2015CA$42.69CA$41.671,210,06112/31/20152.454.02
Square 1 Financial IncSQBK3/2/2015CA$27.62CA$26.5745,40312/31/20153.946.44
Alliance Bancorp Inc of PennsylvaniaALLB3/3/2015CA$7.34CA$21.4622,75112/31/2015-65.8-107.69
Bridge Capital HoldingsBBNK3/9/2015CA$26.01CA$27.9965,54212/31/2015-7.08-11.6
Catamaran Corp (USA)CTRX3/30/2015CA$61.50CA$60.151,104,22112/31/20152.243.67
QEP Midstream Partners LPQEPM4/6/2015CA$17.95CA$17.4519,45712/31/20152.854.67
Associated Estates Realty CorporationAEC4/22/2015CA$28.75CA$28.56864,18512/31/20150.671.09
Palmetto Bancshares IncPLMT4/22/2015CA$18.71CA$18.5122,57712/31/20151.091.78
Pall CorporationPLL5/13/2015CA$127.20CA$124.232,411,77812/31/20152.393.91
Ann IncANN5/18/2015CA$47.49CA$46.832,901,54112/31/20151.42.29
Alcatel-LucentALU4/15/2015CA$3.92CA$3.814,275,4976/30/20162.782.51

20 May 2015 - Mergers added today CMGE (China Mobile Games & Entnmnt Grp Ltd), GTI (GrafTech International Ltd), and ANN (Ann Inc)

15 May 2015 - Merger added today is PLL (Pall Corporation)

One new merger acquisitions added today:
  • PLL: Pall Corporation
Pall Corporation (PLL) Stock Spikes on Danaher (DHR) Deal