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andytrader

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tT
发表于 2011-9-29 14:57 | 只看该作者

Bloomberg: Merger arb screen

companies, offering, purchase, current
So I dont get it, when I look at this screen, I see companies that are going to be bought at a decent premium to there current market value.

Why not just purchase the all cash offering ones ?

It can't be that easy, thats why I am asking to find out what the deal is here.
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Viceroy

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2#
发表于 2011-9-29 15:10 | 只看该作者
not all of them will go through - so there is inherent risk

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laurab

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3#
发表于 2011-9-29 15:22 | 只看该作者
What about the ones trading @ a discount to the offer!?!

___________________________________________________
ChickenTikka Wrote:
-------------------------------------------------------
> Being Born Wealthy > Being Jewish or WASPY > Born
> Pretty > Top 5 MBA > CFA > Avg MBA > Born middle
> class > Born lower class > Born in crack house >
> Born middleclass in Asia and working in IT but
> looking to switch to buyside

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Windjammer

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4#
发表于 2011-9-29 15:35 | 只看该作者
ASSet_MANagement Wrote:
-------------------------------------------------------
> What about the ones trading @ a discount to the
> offer!?!


they all are.

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smuggycfa

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5#
发表于 2011-9-29 15:47 | 只看该作者
^
Not according to MARB <GO> with the terminal sitting 3 inches to my left.

___________________________________________________
ChickenTikka Wrote:
-------------------------------------------------------
> Being Born Wealthy > Being Jewish or WASPY > Born
> Pretty > Top 5 MBA > CFA > Avg MBA > Born middle
> class > Born lower class > Born in crack house >
> Born middleclass in Asia and working in IT but
> looking to switch to buyside

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lunarfollies

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6#
发表于 2011-9-29 15:59 | 只看该作者
Deal risk. There are funds that specialize in doing nothing but this stuff. They try to analyze the chances of a deal blowing up, getting prolonged, etc.

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economicz

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7#
发表于 2011-9-29 16:12 | 只看该作者
^WHat sort of returns are a lot of these merg arb funds making?

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pimpineasy

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8#
发表于 2011-9-29 16:37 | 只看该作者
transferpricingCFA Wrote:
-------------------------------------------------------
> ^WHat sort of returns are a lot of these merg arb funds making?

It's a short gamma trade so you'll have many small gains followed by a large loss. Returns depend on the spread volatility, but think small consistent returns.

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DSquaredSlim

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9#
发表于 2011-9-29 16:49 | 只看该作者
So essentially these merg arb funds look at something like these bloomberg screen, investigate and asses which ones are likely to go through and invest in the target?

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