Member Info for Malchaufa

AZN suffers as merger arb's continue to short the stock
AstraZeneca $AZN and Alexion $ALXN Merger Factsheet for traders and investors looking to trade the merger arbitrage spread
https://mergerarbitragelimited.com/astrazeneca-azn-and-alexion-alxn-merger/

Still 6 months for this deal to close. Assuming the mid point of Q2.
(685 / 677) ^ 2 -1 = 2.4% annualised. However, potential future dividend payments may effect this.
https://mergerarbitragelimited.com/rsa-insurance-group-rsaif-acquisition/

The deal is not a fixed dollar amount in TT shares, it is instead a fixed ratio of TT shares, ie .02834 TT shares for each Codemaster share.
See this buyout factsheet for traders who trade the merger arbitrage spread for full details.
https://mergerarbitragelimited.com/codemasters-cdm-take-two-interactive-software-ttwo-merger/

Strong potential for a higher offer.
McCarthy & Stone (LSE: MCS) Acquisition Details
https://mergerarbitragelimited.com/mccarthy-stone-mcs-acquisition/

Just Eat $TKAYF and Grubhub $GRUB Merger
Grubhub gains 6% after Just Eat reports Q3 strength, deal remains on schedule
https://mergerarbitragelimited.com/just-eat-tkayf-grubhub-grub-merger/

Just Eat Takeaway.com receives all regulatory approvals required in respect of its proposed acquisition of Grubhub
Great job guys
https://mergerarbitragelimited.com/just-eat-tkayf-grubhub-grub-merger/

Grubhub gains 7% after Just Eat reports H1 strength
https://mergerarbitragelimited.com/just-eat-tkayf-grubhub-grub-merger/

The all stock deal values Grubhub $GRUB at $75/share
https://mergerarbitragelimited.com/just-eat-tkayf-grubhub-grub-merger

Surely a buy at 36? hahaha....
Maybe not.

Goodnight. Shame really.

Yes, they are open. But it's only a half day (1:00pm EST closing) so things will be rather quiet stateside.

VOice DAta.

PTS
Kind of difficult to answer (as always!). But in terms of what HUR would "prefer".....that would depend on the cash in the bank and what plans they had for it. Seeing as HUR have already overseen a massive shareholder dilution two years ago when the price declined by approx two thirds, I doubt another 20-25% increase in the amount of stock would be an issue. If of course, they have plenty of spare cash, then they may want to use that and avoid dilution. However, this decision would be out of their hands as the decision would be made depending on the level of the stock price.

Very true Beerbull, and on that note, for every short seller, there is an additional long holder.

https://mergerarbitragelimited.com/finance-and-investment-glossary/convertible-bond-arbitrage/
https://mergerarbitragelimited.com/finance-and-investment-glossary/warrants/

Crude +2% after latest tanker attack
An explosion damaged an Iranian oil tanker off the Saudi port city of Jeddah, according to Iranian state media, adding that experts suspected it was a "terrorist attack."

Here is the link explaining convertible bond arbitrage posted before
https://mergerarbitragelimited.com/finance-and-investment-glossary/convertible-bond-arbitrage/
There is also an entry for warrants which are similar to the call option portion of the convertible bond
https://mergerarbitragelimited.com/finance-and-investment-glossary/warrants/

The investment "may" be an indirect investment in the stock, VIA, CB's.
Basically, in order to reduce the interest cost of the bond the company can also issue a stock option, which the lender can exercise to buy the stock at a cheape price in the future. Or, constantly hedge, as is often the case. Thus holding a perennial short stock position.
https://mergerarbitragelimited.com/finance-and-investment-glossary/convertible-bond-arbitrage/

No probs.
I believe Och-Ziff Management are also convertible bond traders. I haven't checked the others.

Polygon is a convertible bond investment manager
It makes sense they are reducing the short stock positon as the price falls.

https://mergerarbitragelimited.com/finance-and-investment-glossary/convertible-bond-arbitrage/