Mergerpie.com

Merger Arbitrage Blog

Category: Mergers

Risky NXPI Trade

For those following or investing in NXP semiconductor for merger arbitrage, you would have been taken on a wild roller coaster ride this year. The stock was going up nicely before turmoil started early this year. First, NXPI lost ground after a bid for Qualcomm came in from Broadcom, threatening the merger for NXPI as […]

Out of the Time Warner trade

Late afternoon on 12th Jun 2018, Judge Leon ruled that AT&T ($T) will be allowed to buy Time Warner ($TWX) without any conditions. This ruling is long awaited and what I have expected long ago. It is just unfortunate that the DOJ tried to block a merger with very little tangible harms to the consumer, […]

Bayer and Monsanto Merger Analysis-Part 2

In our 2nd part of merger analysis, let’s see if the products that are left with Bayer after the divestitures and Monsanto’s products will overlap. In the table I will list out all of Monsanto’s non roundup (Glyphosate, dicambia) herbicides and non BT insecticides as all biotech related herbicides / insecticides are divested by Bayer. […]

Bayer and Monsanto Merger Analysis-Part 1

Bayer is a global life science company with four major line of businesses including Pharmaceuticals, Consumer Health, Crop Science and Animal Health. The businesses we are interested in this merger analysis will be Corp Science and maybe a part of Animal Health. The two other divisions does not involve the same sector of business with […]

Selling Puts For Merger Arbitrage Candidates (JUNO, BIVV, AKRX)

Merger Mondays never fail to disappoint! On 22nd Jan Monday, both Sanofi and Celgene announced separately that they had agreed on all cash mergers with Bioverativ Inc and Juno Therapeutics for $11.6 billion and $9 billion respectively. The cash deals translate into $105 per share for Bioverativ and $87 per share for Juno Therapeutics. During the previous […]

Merger Arbitrage Opportunity with Akorn Inc.

Happy holidays everyone! Its coming to the end of the year and I believe everyone including me is winding down, preparing for the holidays and taking well deserved breaks. After the successful Brocade merger arbitrage trade and the disasterous Time Warner trade, I took some time made some cash adjustments to my portfolio, taking out cash, […]

Broadcom Brocade merger spread is becoming tasty

The Broadcom Brocade merger spread is currently at 4.2%. If the merger is completed, investors will get $12.75 per share. The current share price as of 15/9 is $12.23. All regulatory approval had been granted except CFIUS. Application to CFIUS had been withdrawn on 17 Jul 2017 and promptly refiled. Assumming the refiling is on […]

July 2017 Trade Updates #1

Dramatic changes in my portfolio as I continued to trim non-core positions and add to my core positions. Large concentration risks on two main merger plays now but one of them should be completed within 2 months. SOLD Mobileye, Brocade, Fortress Investments, Moneygram, Brookdale Senior Mobileye: With the annoucement from Israeli Tax Authority and a […]

June 2017 Summary & Trade Updates

This month my mark to market performance is +2.9%, mainly helped by $MON and $MBLY while $PF dragged. SOLD Neustar, Abercrombie & Fitch, CST Brands Neustar: The company received CFIUS approval on 13th Jun and when the price reaches $33.45, just $0.05 short of the merger price, I sold all my holdings rather than wait for the deal to […]

Merger Trades Update – Jun 2017

SOLD NXP SEMI, VALSPAR NXP SEMI: One regret that I had was that I didn't manage to accumulate a large position in NXP Semiconductor (NXPI). As readers may recall, NXP Semiconductor is being bought over by Qualcomm for $110 in cash per share. The merger is not anticipated to be completed before Q3 but the […]

Added INVN and TRCO

Hi it has been a long time since i last updated the blog. Since then, the ChemChina/Syngenta merger had been progressing smoothly regulatory clearance from EU, FTC, China and Mexico respectively in April 2017. On 26th April, ChemChina declared that all conditions for the merger had been met and will proceed to complete the transaction […]

Time Inc Buyout Imminent With Suitors Submitting Bids Over $20

A new bidder had reportedly been in the bidding process even as another dropped out. New bidder emerges for Time Inc., report says https://t.co/RRSASmjr7e — MergerPie (@mergerpie) March 10, 2017 WSJ: Najafi/P-E group among bidders for Time https://t.co/YDJhabsEJK $TIME — MergerPie (@mergerpie) March 10, 2017 Bronfman-backed group walks away from Time Inc https://t.co/Islqq5byXG via @FT […]

Mergerpie.com © 2016 Frontier Theme