15.12.2014 - Risk Is Back for Hedge Funds Chasing Glut of Mergers: Real M&A
Merger-arbitrage traders didn’t have enough risk last year. This year, they got more than their share -- and it’s not going away. Companies announced $2.8 trillion of acquisitions, making 2014 the busiest year since before the financial crisis. Unprecedented amounts of money were spent in some industries, such as pharmaceuticals, and the transactions skewed larger than at any other time this century, according to data compiled by Bloomberg. The slew of deals gave merger-arbitrage traders plenty to wager on, after last year’s scarcity of profit opportunities...............................................Full Article: Source
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