Merger Arbitrage: How to Profit from Event-Driven Arbitrage by Thomas Kirchner

Merger Arbitrage: How to Profit from Event-Driven Arbitrage Thomas Kirchner ebook
Format: pdf
Page: 370
Publisher: Wiley
ISBN: 0470371978,

According to Mihaylo's calculations, INTL could be worth $28 after a recap, which is 5.6% more than shareholders would receive in the merger. Here's an example of merger arbitrage. Such circumstances can include merger arbitrage, distressed securities, and private placements. 2) Event-Driven 3) Directional In event-driven hedge funds, managers look for stocks trading at discounts due to unusual circumstances. Let's say A merger arbitrageur might buy Circuit City shares, and short Blockbuster shares, hoping to profit from the eventual convergence of these values. There are several variations of this strategy, one being merger arbitrage, in which a manager bets on the price of the company to be acquired, hoping it will be different from what the marketplace anticipates it will be. Event Driven – this strategy bases its investment on a particular event, a common example of which is investing in a “distressed” READ: bankrupt company. Two key aspects of Perry's acquisition transactions in Mylan stock may have driven the outcome of the Perry Order. To a large extent, the pain of non-votes is self-inflicted. Merger Arbitrage/Risk Arbitrage research analyst. Merger risk arbitrage loosely refers to practices that investors use to profit from arbitrage spread opportunities typically created by cash or stock acquisitions of publicly traded companies. However, IsoTis stands out because nobody opposes the merger with Integra. In a stock-for-stock merger, the pre-merger arbitrage spread opportunity exists .. A leading firm is looking to add a senior research analyst to their event-driven trading desk in London. With over 7,000 hedge funds, there the positions at a profit.