Merger arbitrage how to profit from event-driven arbitrage
"Mitigate risk and increase returns with an alternative hedge fund strategy Merger Arbitrage: How to Profit from Event-Driven Arbitrage, Second Edition is the definitive guide to the ins and outs of the burgeoning merger arbitrage hedge fund strategy, with real-world examples that illustrate ho...
| Otros Autores: | |
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
John Wiley & Sons, Incorporated
[2016]
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| Edición: | Second edition |
| Colección: | Wiley finance series.
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009629996006719 |
Tabla de Contenidos:
- Series Page; Title Page; Copyright; Table of Contents; Preface; Acknowledgments; Part One: The Arbitrage Process; Chapter 1: Introduction to Merger Arbitrage; Notes; Chapter 2: The Mechanics of Merger Arbitrage; Cash Mergers; Stock-for-Stock Mergers; Note; Chapter 3: The Role of Merger Arbitrage in a Diversified Portfolio; Volatility of Stocks Going through a Merger; Merger Arbitrage Universe; Merger Arbitrage Spreads; Performance Characteristics of Merger Arbitrage; Performance of Merger Arbitrage outside the United States; Risk and Return of Merger Arbitrage Funds
- Benefits of Merger Arbitrage in a Diversified PortfolioBenefits of Merger Arbitrage in a Rising Interest Rate Environment; Quantitative Easing; Notes; Chapter 4: Incorporating Risk into the Arbitrage Decision; Probability of Closing; Severity of Losses; Expected Return of the Arbitrage; Notes; Part Two: Pitfalls of Merger Arbitrage; Chapter 5: Sources of Risk and Return; Deal Spread; Two Aspects of Liquidity; Beneficial Participation of Arbitrageurs; Timing and Speed of Closing; Dividends; Short Sales as a Hedge and an Element of Return; Leverage Boosts Returns; Covered Call Writing
- Commissions and Portfolio TurnoverBidding Wars and Hostile Bids; Chinese Companies; Notes; Chapter 6: Deal Structures: Mergers and Tender Offers; Mergers; Scheme of Arrangement; Tender Offers; Comparison of Mergers and Tender Offers; Burger King Provision: The Best of Both Worlds; SEC's Approach to Regulation; Notes; Chapter 7: Financing; Types of Debt Funding; Financing of Mergers versus Tender Offers; Uncertain Merger Consideration; Conflicted Role of Investment Banks; Fairness Opinions; Systemic Risk; Notes; Chapter 8: Legal Aspects; Merger Process; Corporation Codes
- Takeover Code and Its DerivativesKey U.S. Court Decisions; Takeover Defenses; Creeping Takeovers and Mandatory Acquisitions; Best Price Rule; Market Manipulation; Notes; Chapter 9: Management Incentives; Management Compensation; Continuing Management Interest in Private Equity Buyouts; Long-Term Planning in Management Buyouts; Milking a Company through Related Party Transactions; Notes; Chapter 10: Buyouts by Private Equity; Private Equity's Advantage; CEOs Don't Want to Sell to the Highest Bidder; Private Equity Funds Have Their Own Agenda; Buyouts as Financial Engineering
- Activists Replace Private EquityNotes; Chapter 11: Minority Squeeze-Outs; Boards' Lack Effectiveness during Squeeze-outs; Minority Shareholders Are in a Tough Spot; Family Control; Notes; Part Three: Investing in Merger Arbitrage; Chapter 12: Government Involvement; Antitrust Enforcement; Tax Policy; Securities Regulators; State and Provincial Governments; National Governments; China: The Great Wall of Laws; Trade Unions; Notes; Chapter 13: Four Ways to Fight Abuse of Shareholders in Mergers; "Just Sell" Is for Losers; The Rise of Shareholder Activists; Case for Activist Merger Arbitrage
- Legal Tactics
