Note: Premium members can sort this table by Return, Annualized Return and Estimated Closing.
| Target | Announced Date | Acquirer | Deal Type | Closing Value | Deal Price | Last Price | Target Volume | Options | Div. Yield | Estimated Closing | Return | Annualized Return | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STAF chart | 11/04/24 | Atlantic International Corp. (ATLN) | Stock | $25 M | $6.13 | $2.17 | 34,914 | No | N/A | 2/02/25 | 182.50% | 1168.63% | |
| BATL chart | 12/15/23 | Fury Resources, Inc. (N/A) | Cash | $450 M | $7.00 | $3.31 | 11,523 | N/A | N/A | 12/31/24 | 111.48% | 1695.43% | |
| RVNC chart | 8/12/24 | Crown Laboratories, Inc. (N/A) | Cash | $924 M | $6.66 | $3.82 | 1,146,598 | Yes | N/A | 12/31/24 | 74.35% | 1130.67% | |
| CYTH chart | 8/22/24 | Rafael Holdings, Inc. (RFL) | Special Conditions | $28.67 M | $0.95 | $0.61 | 38,384 | No | N/A | 12/31/24 | 55.74% | 847.68% | |
| X chart | 12/18/23 | Nippon Steel (NISTF) | Cash | $14.9 B | $55.00 | $38.45 | 3,715,143 | Yes | 0.52% | 12/31/24 | 43.04% | 654.61% | |
| ACI chart | 10/14/22 | The Kroger Co. (KR) | Special Conditions | $24.6 B | $27.25 | $19.14 | 1,486,915 | Yes | 2.51% | 12/31/24 | 42.37% | 644.41% |
Note: Premium members can sort this table by Target, Return, Annualized Return and Estimated Closing.
| Target | Estimated Closing | Return | Annualized Return | |
|---|---|---|---|---|
| STAF chart | 2/02/25 | 182.50% | 1168.63% | |
| BATL chart | 12/31/24 | 111.48% | 1695.43% | |
| RVNC chart | 12/31/24 | 74.35% | 1130.67% | |
| CYTH chart | 12/31/24 | 55.74% | 847.68% | |
| X chart | 12/31/24 | 43.04% | 654.61% | |
| ACI chart | 12/31/24 | 42.37% | 644.41% |
Features
Automated Spreads
Deal spreads and annualized returns automatically calculated.
Deal Metrics Page
View deal details, a timeline of key events as the merger progresses, including the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
Spread History Chart
A spread history chart of the merger from announcement to completion or termination.
Tracked Deals
Narrow the list of deals you are interested in tracking.
Enhanced Data
Bird’s eye view of whether the target stock is optionable, dividend yield of target, average trading volume and more.
Only premium members can access all active mergers and acquisitions.
How does the merger arbitrage tool work?
The Inside Arbitrage team adds every announced U.S. deal to the merger arbitrage tool (fondly referred to as the MAT) either as an all cash, all stock, stock plus cash or special situations deal.
The tool automatically calculates the spread of each deal by determining the price difference between the current target price and the deal price. Using our estimate of when the deal is expected to complete, an expected annualized return for each deal is also displayed.
You can click on the little chart icon 
on the tool to view the spread history for the deal from announcement to the current date.
Clicking on the stock symbol of the target company will take you to the deal metrics page, which has additional information about how the deal is structured, all updates related to the deal (shareholder approval, regulatory approvals, HSR expiration, etc.), SEC filings, which curated list of funds have a position in the target stock and a whole lot more.
You can also take a quick peek at the deal details and updates right from the tool by clicking on the little + sign to the left of the target symbol.
You can sort the MAT by various fields and pick and choose which deals you would like to track to create a curated list of tracked deals.
Why choose the Inside Arbitrage merger arbitrage tool?
- Accurate and Up-to-Date Information: We ensure that all deal-related data is current.
- User-Friendly Interface: The tool is designed for ease of use, with key information readily accessible.
- Timely Updates: Receive periodic deal updates, from announcement to completion.
- Customizable Tracking: The arbitrage tool allows you to customize which deals to follow and create your own curated spreads List.