Risk Arbitrage

Table of contents

1. Introducing Wiley Investment Classics
2. Title Page
3. Copyright Page
4. Preface
5. Chapter 1 - Introduction
   1. Derivation of Risk Arbitrage
   2. The Arbitrage Community
   3. A Changing Community from the 1970s to 2000
6. Chapter 2 - Merger Arbitrage
   1. General
   2. Gathering Information
   3. Figuring of Parities
   4. Determination of the Time Element
   5. Return on Investment
   6. The Risks
   7. Average Expected Returns
   8. Taking a Position
   9. Turning a Position
   10. Consummation
   11. Tax Strategy
   12. Treatment of New Convertible Securities
   13. Antitrust Considerations
   14. Summary
7. Chapter 3 - Merger Arbitrage: Practical Applications
   1. Mergers Prior to 1971
   2. Mergers from 1971 to the Present
   3. Use of Options in Merger Arbitrage
8. Chapter 4 - Cash Tender Offers
   1. Situations Prior to 1971
   2. Cash Tender Wave of the Late 1970s and Early 1980s
9. Chapter 5 - Other Risk Arbitrage Situations
   1. Exchange Offers
   2. Recapitalizations
   3. Spinoffs
   4. Stub Situations
   5. Limited Risk Arbitrage
10. Chapter 6 - Corporate “Freezeins”: The Subterfuge Syndrome
    1. Introduction
    2. Some Notable Examples
    3. Conclusion
11. Chapter 7 - Active Arbitrage
    1. The Bache/Pru-Bache Years (1967-1991)
    2. The Wyser-Pratte Years: Years of Increasing Activism (1991-Present)
12. Chapter 8 - Summary and Conclusions
13. Appendix A
14. Appendix B
15. APPENDIX C - Active Arbitrage Initiatives
16. Notes
17. Bibliography
18. Index