This is the performance and analysis update of the top 20 US based cash merger arbitrage spreads for the week ending 7th December. Included in this week's report are the winners, losers and overall performance of the portfolio. We've also highlighted any deal completions or failures and changes to the list of the top 20 spreads for the coming week beginning 10th December.
This week’s best performer was Esterline Technologies Corporation (ESL) gaining 2.54%. This follows the filing of various forms with the SEC during the week including Form SC 13D/A (General statement of acquisition of beneficial ownership) and Form 8-K giving more information on the proposed takeover. Also performing strongly was NxStage Medical (NASDAQ:NXTM) finishing up 2.20% for
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.