Essays about: "Merger arbitrage"

Showing result 1 - 5 of 10 essays containing the words Merger arbitrage.

1. 1. The Relationship Between Beta and Arbitrage Spread in M&A Deals

   University essay from Göteborgs universitet/Graduate School

   Author : Daniel Granat; William Fredriksson; [2023-06-29]
   Keywords : ;

   Abstract : Risk arbitrage is an event-driven investment strategy where the risk arbitrageur aims to capture the arbitrage spread between the target’s stock price and the bid price by the acquiring firm in a merger and acquisition (M&A) deal. Previous research suggests that specific risks connected to the deal as completion or duration risks, as well as firm and bid characteristics, influence the arbitrage spread. READ MORE

3. 2. Who Let the Dogs Out? A Case Study of Fidelio Capital's and Nordic Capital's Investment in AniCura

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Haris Valjevac; Sigurd Log Roeren; [2021]
   Keywords : Buy-and-Build; Private Equity; Secondary Buyouts; Merger Integration;

   Abstract : We aim to study the value creation in a buy-and-build strategy, how secondary buyouts can create value and how an extreme number of acquisitions can be transformed to one company. To do this, we studied AniCura (prev. Djursjukhusgruppen) during Fidelio Capital and Nordic Capital's ownership from 2011-2018, in a single case study. READ MORE

4. 3. Spaculative Sentiment - An Analysis of the Impact of Investor Sentiment on SPAC Activity and Performance

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Hannes Weidemann; Eid Jazairi; [2021]
   Keywords : Special purpose acquisition company; Investor sentiment; Speculative; Cross-sectional variation;

   Abstract : SPACs have experienced a puzzling surge in popularity despite academics documenting their severe historic underperformance. This paper adds a new layer to previous research by investigating whether market sentiment can explain SPAC activity and performance. We find that SPAC activity rises when investor sentiment falls. READ MORE

5. 4. Predicting Corporate Takeover Outcomes Using Machine Learning

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Gustav Furenmo; [2020]
   Keywords : Random Forest; LASSO; Logistic Regression; Merger Arbitrage; Takeover Prediction; Business and Economics;

   Abstract : The aim of this thesis is to investigate if the machine learning based classification procedure, Random Forest, provides superior prediction performance compared to a logistic regression model fitted using the LASSO framework, when predicting outcomes in corporate takeover situations. This is done in the context of merger arbitrage, an event-driven investment strategy. READ MORE

6. 5. Evaluating the Viability of Merger Arbitrage in Nordic Equities

   University essay from Uppsala universitet/Nationalekonomiska institutionen

   Author : Victor Hansen; Erik Lindholm-Röjestål; [2019]
   Keywords : Merger arbitrage; Nordic equity market; Mergers Acquisitions; Risk arbitrage; Cash mergers;

   Abstract : This thesis aims to examine whether a merger arbitrage strategy is able to generate market neutral alpha in the Nordic region. Similar studies of merger arbitrage strategies in both the US and Australian market find market neutral alpha. READ MORE