This has been a challenging year for merger arbitrage with multiple widely followed deals like Capri (CPRI) failing.
thanks for the write up. Very keen if US Steel closes. Wide spread.
Yes a wide spread indeed. Interestingly the spread has narrowed from over 53% on November 15th to "just" 35% today:
https://www.insidearbitrage.com/deal-metrics/X/2888/united-states-steel-to-be-acquired-by-nippon-steel/?t=alw
thanks for the write up. Very keen if US Steel closes. Wide spread.
Yes a wide spread indeed. Interestingly the spread has narrowed from over 53% on November 15th to "just" 35% today:
https://www.insidearbitrage.com/deal-metrics/X/2888/united-states-steel-to-be-acquired-by-nippon-steel/?t=alw