New Features for Premium Members – Spread Charts and Sector Heat Map

This is my first email exclusively to premium members of Inside Arbitrage to announce the release of two new features that we have been working on for several weeks. One of the new features is for the merger arbitrage strategy and one for the insider trading strategy. As discussed in my recent Seeking Alpha article titled Akorn: A High Risk Arbitrage Situation, deals that fail often tend to see their spreads increase a few days before failing. I noticed this trend with Akorn (AKRX) as well before Fresenius announced that “it is investigating alleged breaches of FDA data integrity by Akorn related to product development”. After reading the academic research about this phenomenon, I figured it would be helpful to chart the spread history for mergers and acquisitions to visually see if the spread was expanding or narrowing. Towards this end, we are releasing a new feature that you can access from the Merger Arbitrage Tool (MAT), which will let you see the spread history in a customizable chart. To access this feature, click on the little chart icon next to the symbol of the stock you are interested in, as you can see from the image below. Access...

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  1. Tommy Carstensen
    April 19, 2018 at 4:15 am

    Thanks for this. It might be worth noting, that there is no breakup fee on the Akorn deal. It might be mentioned in your SeekingAlpha article, but that one is for pro subscribers only.

    • Asif Suria
      April 19, 2018 at 8:18 am

      Thanks Tommy. Looks like Seeking Alpha is getting more aggressive about locking down content after a few days.

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