Activist Irenic Makes a Bid for Reservoir Media – Merger Arbitrage Mondays

Reservoir Media, Inc. (RSVR): $10

Market Cap: $656M

Enterprise Value: $1.09B

Ever so often, we come across deal rumors that show patterns that get us excited.

One such rumor, or “Deals in the Works” as we like to call it, is a case where an activist investor is stepping into the role of potential acquirer, attempting to create the very opportunity it had pr…