{"product_id":"risk-arbitrage-9780470415719","title":"Risk Arbitrage","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eOriginally published in 1982, Risk Arbitrage has become a classic on arbitrage strategies by the dean of the arbitrage community.  It provides an overview of risk arbitrage, how it has been used over the centuries and particularly in modern markets, with a focus on merger arbitrage.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDerivation of Risk Arbitrage 1\u003c\/p\u003e \u003cp\u003eThe Arbitrage Community 4\u003c\/p\u003e \u003cp\u003eA Changing Community from the 1970s to 2000 6\u003c\/p\u003e \u003cp\u003e1970s 6\u003c\/p\u003e \u003cp\u003e1980s 10\u003c\/p\u003e \u003cp\u003e1990s 14\u003c\/p\u003e \u003cp\u003e2000 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Merger Arbitrage 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGeneral 21\u003c\/p\u003e \u003cp\u003eGathering Information 22\u003c\/p\u003e \u003cp\u003eFiguring of Parities 26\u003c\/p\u003e \u003cp\u003eDetermination of the Time Element 27\u003c\/p\u003e \u003cp\u003eReturn on Investment 29\u003c\/p\u003e \u003cp\u003eThe Risks 29\u003c\/p\u003e \u003cp\u003eAverage Expected Returns 33\u003c\/p\u003e \u003cp\u003eTaking a Position 35\u003c\/p\u003e \u003cp\u003eTurning a Position 37\u003c\/p\u003e \u003cp\u003eConsummation 38\u003c\/p\u003e \u003cp\u003eTax Strategy 40\u003c\/p\u003e \u003cp\u003eTreatment of New Convertible Securities 42\u003c\/p\u003e \u003cp\u003eAntitrust Considerations 45\u003c\/p\u003e \u003cp\u003eSummary 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Merger Arbitrage: Practical Applications 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMergers Prior to 1971 47\u003c\/p\u003e \u003cp\u003e\u003ci\u003eGeneric Calculation of Co. B. Being Acquired by Co. A (Co. B\/Co. A) 48\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eScientific Data Systems\/Xerox 50\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eHartford Fire Insurance\/I.T.\u0026amp;T. 52\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eCanada Dry\/McCall’s\/Hunt Foods 55\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eEversharp\/Warner Lambert Pharmaceutical 59\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAlloys Unlimited\/Plessey, Ltd. 66\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eChubb Corp.\/First National City Corp. 70\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eMergers from 1971 to the Present 73\u003c\/p\u003e \u003cp\u003e\u003ci\u003eNew England Nuclear Corp. with Dupont DeNemours Inc. 73\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eReliance Electric\/Exxon 76\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eCIT Financial\/RCA 78\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eRichardson-Merrell\/Dow Chemical 81\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eTwentieth Century Fox Film Corp. 82\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eUse of Options in Merger Arbitrage 84\u003c\/p\u003e \u003cp\u003e\u003ci\u003eUtah International\/General Electric (without options) 84\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eUtah International\/General Electric(with options) 85\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Cash Tender Offers 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSituations Prior to 1971 89\u003c\/p\u003e \u003cp\u003eCash Tender Wave of the Late 1970s and Early 1980s 95\u003c\/p\u003e \u003cp\u003e\u003ci\u003eIntroduction 95\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eBabcock \u0026amp; Wilcox\/McDermott\/United Technologies—Merger Chronology (All information is from prospectus and joint proxy statement issued February 22, 1978) 96\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eCarborundum\/Kennecott Eaton Offer of $47\/Share 99\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eRosario\/Amax 100\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eWarner Swasey\/Bendix\/Dominion Bridge 102\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003ePullman\/Wheelabrator Frye\/McDermott 106\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eLiggett Meyers\/Grand Metropolitan Hotels\/ Standard Brands 108\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eHobart\/Canadian Pacific\/Dart \u0026amp; Kraft 111\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eSt. Joe Minerals\/Seagrams\/Fluor Corp. 112\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Other Risk Arbitrage Situations 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExchange Offers 117\u003c\/p\u003e \u003cp\u003eRecapitalizations 120\u003c\/p\u003e \u003cp\u003eSpinoffs 123\u003c\/p\u003e \u003cp\u003eStub Situations 125\u003c\/p\u003e \u003cp\u003eLimited Risk Arbitrage 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Corporate ‘Freezeins’: The Subterfuge Syndrome 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 133\u003c\/p\u003e \u003cp\u003eSome Notable Examples 134\u003c\/p\u003e \u003cp\u003eConclusion 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Active Arbitrage 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Bache\/Pru-Bache Years (1967–1991) 144\u003c\/p\u003e \u003cp\u003e\u003ci\u003eGreat Western United Corporation 144\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eGerber Products Company 145\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe McGraw-Hill Corporation 146\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe ERC Corporation of Kansas City, Missouri 147\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAmax Incorporated 148\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eHouston Natural Gas 148\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThe Wyser-Pratte Years: Years of Increasing Activism (1991–Present) 149\u003c\/p\u003e \u003cp\u003e\u003ci\u003eA New Beginning 149\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eEvolution of the Wyser-Pratte Shareholder Rights By-Law 150\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eTransition 157\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Summary and Conclusions 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAppendix A 163\u003c\/p\u003e \u003cp\u003eAppendix B 181\u003c\/p\u003e \u003cp\u003eAppendix C 185\u003c\/p\u003e \u003cp\u003eNotes 273\u003c\/p\u003e \u003cp\u003eBibliography 279\u003c\/p\u003e \u003cp\u003eIndex 283\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402330218839,"sku":"9780470415719","price":14.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470415719.jpg?v=1730480083","url":"https:\/\/bookcurl.com\/products\/risk-arbitrage-9780470415719","provider":"Book Curl","version":"1.0","type":"link"}