ArbLens

● Live deals US & Canada Weekly Blog ↗ @ArbLens
A public merger arbitrage tracker for monitoring pending M&A deals, spreads, annualized returns, regulatory status, close timing, and key deal risks
Active deals
US & Canada
Avg gross spread
Merger arb deals only
Total deal value
USD equivalent
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📘 What is Merger Arbitrage?

Merger arbitrage is an investment strategy that seeks to profit from the gap between a target company's current stock price and the acquisition price offered by the acquirer. When a deal is announced, the target's stock typically trades slightly below the offer price — that gap is the spread.

Deal Types

Cash Fixed cash per share — simplest spread calc
Stock Acquirer shares — spread moves with both stocks
Mixed Cash + stock combination

Regulatory Status

Pending Deal announced but regulatory review hasn't started yet, or is in very early stages. Lower scrutiny risk but deal still unproven.
In review Regulators are actively reviewing — HSR filed, antitrust second request possible, or insurance/rail/foreign approval underway. Key risk period.
Approved All required approvals obtained. Deal is proceeding to close — spread reflects only timing and execution risk.

Key Metrics

Gross spread — (Offer − Current) ÷ Current. The potential return if the deal closes at the stated price.

Key Risks

Deal break risk, regulatory rejection, competing bids, shareholder votes, and market conditions can all cause spreads to widen or deals to fail entirely.

💬 Feedback or deal suggestions? Email mergerarblens@gmail.com
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Disclaimer: ArbLens is for informational purposes only. Data is sourced from public filings and third-party providers and may be delayed or inaccurate. Nothing here constitutes financial, investment, or legal advice. Merger arbitrage involves significant risk including deal failure and loss of capital. Always conduct your own due diligence before making any investment decisions.

ArbLens Insights
Top 6 Deals by Spread Top 6 by Risk-Reward Deals with CVR
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ArbLens — Merger Arbitrage Investment Tracker — North America (US & Canada)