×

Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

Exiting Our Activision Blizzard Position – Merger Arbitrage Mondays

  • July 3, 2023

Key Highlights

  • Microsoft (MSFT), Activision Blizzard (ATVI), and the FTC fight it out in court.
  • CIRCOR International (CIR) in the midst of a bidding war.
  • UnitedHealth Group Incorporated (UNH) wins the bidding war for Amedisys (AMED).

Exiting Our Activision Blizzard Position:

We have covered Microsoft’s acquisition of Activision Blizzard (ATVI) for several months here on InsideArbitrage including our original write-up in the October 2022 Special Situations Newsletter and a detailed follow-up by Frank Moneymaker in our January 2023 newsletter.

While I had followed Activision Blizzard for more than fifteen years before the deal was announced, I did not get interested in participating in the merger arbitrage situation until the price had dropped to around $75 and we initiated a position in the InsideArbitrage model portfolio at a price of $74.34. I also subsequently purchased the stock for my personal portfolio.

Only plus or premium subscribers can access this post. Subscribe today.