InsideArbitrage January 2023 Mid-Month Update – iRobot Arbitrage Opportunity

Editor’s Note:

When we discussed the 1Life Healthcare (ONEM) arbitrage opportunity in the August 2022 Special Situations newsletter the spread on the deal was almost the same as the spread for iRobot (IRBT), the other acquisition by Amazon.com.

With the spread on iRobot increasing significantly in the last few months, I asked Frank to look into the opportunity for our mid-month update and the article below is his analysis of the situation. I agree with Frank that an options based play makes the most sense in this situation.

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