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Bull Put Spread on $100/$97.5 as a way to play AT&T/Time Warner Merger Arbitrage

Time Warner shares traded down towards $101 in the last two days as AT&T announced profit warnings for its upcoming quarterly report due to the increased pressure from traditional cable TV cord cutting and loss of subscribers. AT&T's stock was down to near 52 week lows of $35.70.    The merger deal between the two […]

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Broadcom Brocade Merger Moving Forward

First, the bad news… The Broadcom/Brocade merger deal completion has been delayed again as the investigations at CFIUS did not complete in time.  Now lets discuss the positives.  The parties had agreed to extend the merger deadline past 1st Nov 2017.  They now anticipate the merger to be completed by 30th Nov 2017. Broadcom is […]

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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 Application to CFIUS had been withdrawn on 17 Jul 2017 and promptly refiled.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 […]

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Sold $ALR, $WGL, $FGL. Bought $CST. Added $ANF

 SOLD ALERE: This trade turns out to be a winner. I was waiting for Alere to release their audited financial statements and as promised, Alere filed its Form 10-K, Reports Fourth Quarter and Full Year 2016 Financial Results and the share price prompted rose 2% to $50. I sold all my holdings generating 137% returns on a […]

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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 […]

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FTC Requested Additional Info From ChemChina/Syngenta While Canadian Competition Bureau Approved

Some bad news first…Syngenta had revealed that FTC had asked for second request of information which will move back the deadline clock for approval by another 30 days after ChemChina and Syngenta had submitted all the additional information that FTC had requested. This may take 2 months more but if ChemChina/Syngenta quickly submits the necessary […]

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List of Bass Pro and Cabela Stores in U.S. For Merger Analysis

FTC had requested a second information request from Bass Pro and Cabela regarding the outdoor equipment vendors' merger. This process will usually delay the merger up to another 3 months. 🇺🇸 FTC seeks new info on Cabela's-Bass Pro deal. https://t.co/P6cNMCrVMh — Neil Saunders (@NeilRetail) January 3, 2017   Why did FTC ask for more information? […]

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Walgreens Rite Aid New Merger Terms Worse Off For Investors

Walgreens delays Rite Aid deal again, cuts offer price https://t.co/phhGoWEsL7 via @Reuters — MergerPie (@mergerpie) February 1, 2017 The new deal terms add uncertainty: 1. Buyer does not show enough commitment for the deal to go through. Revising terms of a merger deal is always bad, especially when Rite Aid’s business did not deteriorate materially. […]

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Buy NXPI on Qualcomm Weakness For A Short Term Trade

I just bought a little NXPI at $96.77 after Qualcomm recent weakness regarding the FTC and Apple lawsuits. I believe the merger will still go ahead regardless of the lawsuits. I am buying NXPI now as a short term trade to sell around $100 as the price will return to this level once the news […]

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Walgreens-Rite Aid Merger Roller Coaster Analysis

Last Friday on the 20th Jan, many investors were waiting for the FTC to give their final blessings to the long awaited merger between the 2nd and 3rd largest pharmacy chain stores in the U.S., anticipating that the outgoing FTC commissioners would want to give a decision before the Trump administration comes in. But sometimes […]

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Agrochemical Mega-Tieups Updates on Merger Progress

ChemChina and Syngenta had submitted concessions to EU commission according to EU antitrust filings and major news reports. According to sources indicated in the Reuters News report, the concessions are likely to be minor and less than $500 Million in value. These concessions will be addressing products which had little competition in addition to commitments […]

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LinkedIn-Microsoft merger deal is a good bet despite Salesforce’s objections

With an estimated merger completion by end of the year and a spread of 2%, an investment in LinkedIn would yield about 8% per annum by the time of merger completion, not bad for a big safe merger deal. Microsoft is a buyer that is loaded with cash and have no problem financing for the […]

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Rackspace Merger Update

Today Rackspace released the definitive proxy statement for the merger. There are several new information in the proxy statement regarding the progress of the merger. First, the shareholder meeting will be scheduled on 2nd Nov 2016. Regulatory news include early termination of HSR waiting period on 29th September. Rackspace also mentioned that they had informed […]

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Rackspace Merger Analysis

General Apollo Global Management is buying Rackspace for $32 per share. This is a buyout offer which needs the approval of shareholders (50.1%) during the special meeting to be decided on a later date. According to the preliminary proxy, 15% of the votes held by Rackspace’s directors and executive officers have already been casted in favor of […]

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ChemChina Syngenta Merger Smooth Sailing After CFIUS Clearance?

ChemChina’s acquisition of Syngenta was viewed with skeptism because of national security issue. CFIUS was not shy to deny mergers based on national security issues on sensitive industries such as semiconductors and food, especially when the buyer is from China. Syngenta’s products are considered to be vital to food security of the United States, and […]

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