Index

A

  1. ABN AMRO Holding NV, hostile acquisition
  2. Accipiter Capital Management
  3. Accounting principles, management choice
  4. Accounts, separation
  5. Ackman, William
  6. Acquisition
  7. Actively managed portfolio, unmanaged index (usage)
  8. Active premium
  9. Activist
    1. appraisal rights
    2. class actions
    3. investor requests
    4. legal tactics
    5. merger arbitrage
    6. merger arbitrageurs, tactics
    7. private equity replacement
    8. proxy campaigns
    9. public opposition
    10. rise
    11. tender offers, shares (withholding)
  10. Administrative Measures on the Acquisition of Listed Companies
  11. ADP. See Approximate Dynamic Programming
  12. Advisory Research, Longs ownership
  13. Aegis sale
  14. Aer Lingus Plc, International Consolidated Airlines Group, S.A. bid
  15. A.G. Barr p.l.c. acquisition
  16. Airtran Holdings, Inc., Southwest Airlines Co. acquisition
  17. Allergan Inc.
  18. Allserve Systems plc
  19. Alpha
  20. Alstom Economy, General Electric (hostile approach)
  21. Alterra Capital Holdings Ltd, Markel Corp. acquisition (announcement)
  22. Amalgamation Agreement
  23. Amalgamations
  24. American Capital Strategies (ACAS)
  25. American Community Properties Trust, filing
  26. American Depository Receipts (ADRs), trading
  27. American Physicians Capital (ACAP)
  28. Anheuser-Busch Cos.
  29. Annualized after-tax return
  30. Annualized net return
  31. Annualized return
  32. Annualized spread, increase
  33. Antitrust
    1. problems (mergers)
    2. United States antitrust rules
  34. Appraisal actions
    1. cases
    2. time frame
    3. outcome
  35. Appraisal arbitrage
  36. Appraisal rights
  37. Approximate Dynamic Programming (ADP), usage
  38. Arbitrage
    1. activity, selling pressure
    2. appraisal arbitrage
    3. decision, risk (incorporation)
    4. expected return
    5. hedge funds, usage
    6. indices
    7. investment
    8. liquid alternatives
    9. multiple arbitrage
    10. portfolio, construction
    11. positions (depression), annualized return (impact)
    12. public intervention
    13. spread
    14. term
  39. Arbitrage Fund (ARBFX)
  40. Arbitrageurs
    1. activities, curtailing
    2. cash, receipt
    3. concentrated arbitrageurs
    4. diversified arbitrageurs
    5. holdings, target company example
    6. legal aspects
    7. liquidity premium, earning
    8. participation, benefits
    9. returns, extension risk (impact)
  41. Arbitration, definition
  42. ARCO Chemical, Lyondell Petrochemical Company acquisition
  43. Arnhold & S. Bleichroeder, stock sale
  44. Arrangement
    1. schemes
  45. Assets
    1. acquisitions, poison pill alternative
    2. management
    3. monetization
  46. Assets under management (AUM), strength
  47. Asymmetric payoff distribution
  48. Atlas Corporation, Blasius Industries (court battle)
  49. Atmi, Inc.
  50. Australian Corporations Act (2001)
  51. Australian Securities and Investments Commission, Regulatory Guide 25 Takeovers
  52. Australia, public company mergers (timing)
  53. Austrian Traded Index (ATX) benchmark
  54. Austria, public company mergers (timing)
  55. Autonomy Corporation
    1. common stock, price/volume
    2. daily price changes
    3. HP acquisition
    4. merger, spread (evolution)
    5. preacquisition stock level
    6. pre/postmerger announcement, stock price
  56. Avago Technologies, LSI Industries (agreement)
  57. Average acquisition premia
  58. Average annualized merger arbitrage spread
  59. AXA Private Equity, backing

B

  1. B2Gold Corp, CGI Mining Ltd merger
  2. Baker, Malcolm
  3. Bankers, role
  4. Banks
  5. Barclay hedge
  6. Barclays Aggregate Bond Index
  7. BASF acquisition proposal
  8. Bass, Robert M.
  9. BCG Partners, press release
  10. Bergstein, David
  11. Berkshire Hathaway/3G Capital acquisition, reverse triangular merger
  12. Bessemer Venture Partners, backing
  13. Best price rule
  14. Beta+/Beta
  15. Bidders
  16. Bidding wars
  17. Bid/offer spreads
  18. Bid premium, impact
  19. Black-Scholes
    1. equation
    2. model
    3. option prices, basis
    4. process, usage
  20. Block, Carson
  21. Blunt, Matt
  22. BMO Financial Group (BMO), indicative offer
  23. Board of directors
    1. fiduciary duties
    2. staggered boards, impact
  24. Bonds
  25. Bonomi, Andrea
  26. Books/records, inspection
  27. Borrow costs, increase (trading/anticipation)
  28. Borrowing, usage
  29. Borruso v. Communications Telesystems Intern.
  30. Borse und Actien (Swoboda)
  31. Branch, Ben
  32. Breakup fees
    1. averages
    2. avoidance
    3. buyer breakup fees
    4. Cove Energy, Shell acquisition
    5. usage
  33. Bridge loans
  34. Bright line test
  35. British Energy Group plc, EDF acquisition
  36. Britvic PLC, A.G. Barr PLC acquisition (arrangement scheme)
  37. Broadridge
  38. Brokerage commissions
  39. Brokerage firms, revenue source
  40. Brokerage withdrawal levels, negative alpha
  41. Broker/dealers, swap involvement
  42. Brookfield DTLA Fund Office Trust Investor Inc.
  43. Brookfield Office Properties acquisition
  44. Brownian motion
  45. Burger King
  46. Burton, Joan
  47. Busch IV, Adolphus A.
  48. Busch IV, August A.
  49. Business conditions, changes
  50. Business interruption fee
  51. Business judgment rule
  52. Buy-and-hold strategy
  53. Buybacks (leveraged recapitalizations)
  54. Buyers
    1. breakup fees
    2. control (concern), boards (impact)
    3. takeovers
  55. Buyer/target size (mergers)
  56. Buyouts
    1. financial engineering, comparison
    2. private equity buyouts

C

  1. Cagle's Inc., board (family letter)
  2. Callan Chart
  3. Canada
    1. breakup fees
    2. Investment in Canada
    3. mergers
    4. net benefit test
    5. provinces, incorporation laws
    6. public company mergers, timing
  4. Canadian Pacific Railway
  5. Canadian Securities Administrators (CSA)
  6. Cao, Charles
  7. Capital
  8. Capital Asset Pricing Model (CAPM)
    1. framework, usage
    2. model
    3. risk measurements
    4. statistics
  9. Caracal Energy Inc., Glencore Xstrata plc acquisition attempt
  10. CARs. See Cumulative abnormal returns
  11. Cash holdings
  12. Cash management
  13. Cash mergers
    1. capital, investment
    2. covered call writing, usage
    3. percentage
    4. stock-for-stock mergers, contrast
  14. Cash position, management
  15. Cash/stock, ratio
  16. CASSIDI
  17. CCA Industries, Dubilier & Co. acquisition
  18. Cede & Co.
  19. Celanese AG, Blackstone acquisition
  20. Celesio AG
    1. convertible note (terms/conditions)
  21. Celesio AG/McKesson/Dragonfly, domination/profit sharing agreement
  22. Center for Research in Security Prices (CRSP) data
  23. Central Freight, related party transactions
  24. CFD. See Contracts for difference
  25. CFIUS. See Committee on Foreign Investments in the United States
  26. CGI Mining Ltd, B2Gold Corp. merger
    1. cash flows
    2. spread, evolution
    3. stock prices
  27. CGI Mining Ltd, B2Gold Corp. stock-for-stock merger (arbitrage spread improvement)
  28. Change-of-control
    1. clauses
    2. covenants
    3. provisions
  29. Change to Win (CtW)
    1. union representation
  30. Chapparal Resources
  31. Chasing returns
  32. Chicago Board Options Exchange
  33. Children's Investment Fund (TCI)
  34. China
    1. administrations
    2. commissions
    3. companies
    4. laws, impact
    5. Ministry of Commerce (MOFCOM)
    6. National Development and Reform Commission (NDRC)
    7. State Council (China's Cabinet)
  35. CIBC financing
  36. Class actions
    1. filing
  37. Clayton Act of 1914
  38. Clearing (brokerage commission)
  39. CLOs. See Collateralized loan obligations
  40. Closing
  41. Club Med, management (talks)
  42. CNMV. See Comision Nacional del Mercado de Valores
  43. Coast Financial Holdings, acquisition (merger consideration adjustment)
  44. Coercion, forms
  45. Cogent hedge
  46. Collars
    1. deals
  47. Collateralized loan obligations (CLOs)
  48. Comision Nacional del Mercado de Valores (CNMV)
  49. Commissione Nazionale per le Societa e la Borsa (CONSOB)
  50. Commissions
  51. Committee on Foreign Investments in the United States (CFIUS)
  52. Company
    1. books/records, inspection
    2. company-specific contracts
    3. control
    4. life, late stages
  53. Completion probability, bid premium (impact)
  54. Compound interest, calculation
  55. Conde, Cristobal
  56. CONSOB. See Commissione Nazionale per le Societa e la Borsa
  57. Constant percentage spread, losses
  58. Contingent claims analysis, usage
  59. Contingent value rights (CVRs)
  60. Contracts for difference (CFD)
  61. Convertible notes, terms/conditions
  62. Cooper Chengshan Tire, joint venture
  63. Cooper Tire & Rubber Company, Apollo Tyres takeover
  64. Corporate Library, The
  65. Corporations
    1. books/records, inspection
    2. tax policy
  66. Correlation coefficients
  67. Correlation, importance
  68. Council Regulation (EC) No 139/2004
  69. Court decisions, impact
  70. Cove Energy, Shell acquisition (breakup fee)
  71. Covered call writing
  72. Credit Agricole Structured Asset Management Center for International Securities and Derivatives Markets (CASAM CISDM)
  73. Credit crunches, triggers
  74. Credit risk management, merger arbitrage (comparison)
  75. Creeping acquisitions, prevention
  76. Creeping takeovers
  77. Cross-border mergers, tax considerations
  78. Cross-border transactions
  79. CSRC. See China Securities Regulatory Commission
  80. CtW. See Change to Win
  81. Cumulative abnormal returns (CARs)
  82. Cumulative abnormal stock returns
  83. Customer relationship management (CRM) label
  84. CVRs. See Contingent value rights
  85. Cypress Communications, Arcapita, Inc., acquisition

D

  1. Dai-Ichi Life Insurance Company, Tower Australia (arrangement scheme)
  2. Daily returns
  3. Danisco A/S, E.I. du Pont de Nemours acquisition
  4. Dark pools
  5. D.B. Zwirn & Co.
  6. DDQs. See Due diligence questionnaires
  7. Deal spread
  8. Deal structures
  9. Debt funding
    1. assets
    2. bank loans
    3. bonds
    4. bridge loans
    5. financing
    6. mezzanine debt
    7. noncore businesses, sale
    8. selling shareholders, payment
    9. target, balance sheet (cash availability)
    10. transaction costs
  10. Debt repayment, control provisions (change)
  11. de Carvalho-Heineken, Charlene
  12. Decision trees, usage
  13. DEFM14A filings, Wilshire Enterprises (table of contents)
  14. Delaware, General Corporate Law
  15. Delaware General Corporation Law (DGCL)
  16. Dell
  17. Dell, Michael
  18. Delta hedging
  19. Delta-neutral hedging strategy
  20. Derivatives, usage
  21. Deutsche Bank, notes (issuance)
  22. Deutscher Aktienindex DAX, performance
  23. DGCL. See Delaware General Corporation Law
  24. Directive on Takeovers
  25. Direct merger
  26. Discounted cash flows (DCFs)
  27. Diversification, importance
  28. Diversified portfolio, merger arbitrage
  29. Dividends
    1. dividend-paying stocks
    2. gross return, calculation
    3. payments
  30. Dodd-Frank regulations
  31. Dolphin Limited Partnership
  32. Domination agreements
    1. example
  33. Double-taxation treaty
  34. Dow Jones, NewsCorp bid
  35. Downmarkets, consideration
  36. Downside deviation
  37. Downside risks
    1. measures
    2. usage
  38. Dresser Rand Group
  39. Dubai Ports World, P&O sale
  40. Due diligence (mergers)
  41. Due diligence questionnaires (DDQs)
  42. Duquesne Light Co., preferred stock series
  43. Dynegy, due diligence process

E

  1. Earnings before interest, taxes (EBIT)
  2. Earnings before interest, taxes, depreciation, and amortization (EBITDA)
  3. eBay
  4. ECNs. See Electronic communication networks
  5. Eddie Bauer Holdings, buyout
  6. EDGAR system
  7. Efficient frontier
  8. Efficient market theory
  9. Eisner, Michael
  10. Elan, Royalty Pharma hostile bid
  11. Electronic communication networks (ECNs)
  12. Elliott Associates
  13. El Paso/Kinder Morgan (KMI) merger, percentage spread
  14. Empty voting
  15. Energy Partners, LP acquisition
  16. Enron
  17. Enterprise M&A Fund (EMAXX) (EMAAX)
  18. Entire fairness, requirements
  19. Equity
  20. Equity Office Properties Trust, acquisition
  21. Esmark
  22. Esmark, stock price
  23. ETFs. See Exchange-traded funds
  24. Europe
  25. European call option price, closed-form solution (derivation)
  26. European civil law jurisdictions
  27. European Commission (EC) rules
  28. European Union (EU), Takeover Code
  29. Evans, Edward P.
  30. Excess merger arbitrage returns
  31. Excess returns
  32. Exchange Ratio
  33. Exchange regulations, impact
  34. Exchange-traded funds (ETFs)
  35. Execution fee (brokerage commission)
  36. Execution-only brokers, arbitrageur confirmation requirement
  37. Executives, payments
  38. Exit rights
  39. Exon-Florio Amendment
  40. Extension risk

F

  1. Fagan, Bill
  2. Fairness
  3. Fama-French three-factor model
  4. Family control
  5. Fastow, Andrew
  6. F&C Asset Management plc, rumor response
  7. Federal Deposit Insurance Corporation (FDIC) filings
  8. Fed Funds rate, basis
  9. FEMSA (strategic investor)
  10. Fiat S.p.A., Chrysler (merger)
  11. Fich, Eliezer
  12. Fidelity National divestitures/Lender Processing Services merger, Federal Trade Commission announcement
  13. Fiduciary duty litigation, breach
  14. Fiduciary out
  15. Financial engineering, buyouts (comparison)
  16. Financing
  17. Finley, Johan P.
  18. First Data, KKR buyout
  19. Fixed-income arbitrage
  20. Fixed-rate collar, implied options
  21. Fixed-share collars
  22. Fixed-value collars
  23. Foodarama Supermarkets, shareholder payment
  24. Foreign Investment Review Agency
  25. Form 8-K
  26. Forward triangular merger
  27. France
  28. Francisco Partners
  29. Fraud (mergers)
  30. Freeze-out
  31. FTC Horizontal, merger investigations

G

  1. GAAP. See Generally accepted accounting principles
  2. Gabelli Asset Management
  3. Gain deviation
  4. Gamco Investors, Inc.
  5. GARCH models, usage
  6. Genentech
  7. General collateral, trading
  8. General Corporate Law. See Delaware
  9. General Corporations Law. See Delaware
  10. Generally accepted accounting principles (GAAP)
  11. Genesco
  12. Genesis Healthcare, NCS (merger agreement)
  13. Germany, public company mergers (timing)
  14. GFI Group
  15. Given Imaging Ltd, Covidien acquisition
  16. Glass-Steagall Act (1933)
  17. Global merger legislation, types
  18. Going-private transactions
  19. Golden parachutes
  20. Goldie, Bradley A.
  21. Goldman Sachs Group, breakup fee (avoidance)
  22. Goldsmith, James
  23. Goodman Global, Hellman & Friedman LLC acquisition
  24. Gordon, Angelo
  25. Gordon dividend growth model, usage
  26. GrainCorp Limited
  27. Gramm-Leach-Bliley Act of 1999
  28. Great Depression
  29. Greenwich Alternative Investments
  30. Gross return, calculation
  31. Gross spreads
  32. Grupo Modelo, involvement
  33. GTECH, shareholder exit rights
  34. Guoco Group, Hong Leong Company acquisition
  35. Gupta, Vinod

H

  1. Haji-Ioannou, Stelios
  2. Harper, Stephen
  3. Hart-Scott-Rodino Act
  4. Hart-Scott-Rodino Antitrust Improvements Act (1976) (HSR)
  5. Health Care REIT
  6. Hedge Fund Research (HFR)
  7. Hedge Fund Research (HFRI/HFRX)
  8. Hedge funds
    1. financing
    2. monthly performance
    3. returns
    4. short biased hedge funds, performance
  9. Hedges, short sales (comparison)
  10. Hedging
  11. Heine, Max
  12. Helaba Invest Kapitalanlagegesellschaft
  13. Hellman & Friedman LLC
  14. Hennessee Group
  15. Herfindahl-Hirschman Index (HHI)
  16. Hewlett-Packard (HP)
  17. Heyman, Samuel
  18. HFRI Equity Hedge Short Biased Index
  19. HFR Index
  20. High-yield bonds, redemption requirements
  21. Historical time series, spreads (calculation)
  22. Historical volatility
  23. H.J. Heinz, Berkshire Hathaway/3G Capital acquisition (reverse triangular merger)
  24. Hockey, Joe
  25. Holding companies
  26. Hong Kong Stock Exchange
  27. Horizontal merger guidelines
  28. Ho, Stanley
  29. Hostile bids
  30. Hostile mergers, ubiquity
  31. Hostile takeover transactions, ranking
  32. Hostile transactions
  33. Hsieh, Jim
  34. HSR. See Hart-Scott-Rodino Antitrust Improvements Act
  35. HSR Transactions/second requests/merger enforcement actions
  36. Hudson City Bancorp, M&T Bank (merger)

I

  1. IBP/Tyson Food decision (2001)
  2. ICA. See Investment Canada Act
  3. Icahn, Carl
  4. Idea generation (brokerage commission)
  5. Illiquid investments
  6. Illiquid stocks, liquidity premium (arbitrageur earnings)
  7. Imaging Ltd./Coviden merger agreement, voting conditions
  8. Implied volatility
  9. Incorporation laws
  10. Indemnification
  11. Independence Community Bank, purchase
  12. Index membership, impact
  13. Index scenario probabilities
  14. Individual Retirement Accounts (IRAs)
  15. Inflection point
  16. Information ratio
  17. Information Resources, acquisition
  18. Information statements
  19. infoUSA
  20. Ingersoll-Rand acquisition (account)
  21. Initial public offering (IPO)
  22. Insider trading
  23. Insight Venture Partners, backing
  24. Interest
  25. Interest rates
    1. components
    2. differential
    3. merger arbitrage spreads, correlation
    4. spreads, negative alpha
  26. Interlocks, impact
  27. Intermediate loans, usage
  28. Internal rate of return (IRR), calculation
  29. Internal Revenue Code (IRC)
  30. International anti-competition merger regulation
  31. Investment Canada Act (ICA)
  32. Investment Company Act of 1940
  33. Investments
    1. accounts, separation
    2. banks, conflicted role
    3. long/short approach
    4. trading, contrast
  34. Investment strategies
  35. IQ Index
  36. IRAs. See Individual Retirement Accounts
  37. ISDA agreements
  38. iShares Core Aggregate Bond (AGG)
  39. ISS A/S buyout
  40. ISS Global A/S 4.75% Bond, price
  41. ISS Global A/S acquisition
  42. Italy, takeover timetables

J

  1. Jarvis, Geoffrey
  2. J.C. Flowers
  3. Jiang, Wei
  4. Jorion, Philippe
  5. Jump diffusion process
  6. Junk bonds

K

  1. Karolyi, Andrew
  2. Kayak Software Corp., Priceline.com merger agreement (forward triangular merger description)
  3. KBW, Inc., Stifel Financial Corp
  4. Kelly, Patrick
  5. Kinder Morgan (KMI)/El Paso merger, percentage spread
  6. King Pharmaceuticals, Mylan Laboratories (merger failure)
  7. Knight Trading (NITE)
  8. Kohlberg Kravis Roberts (KKR)
  9. Kravis, Henry
  10. Kuwait Petroleum Corporation, stock sale

L

  1. Lafarge North America, performance
  2. Lafarge S.A.
  3. L'Arche Green NV
  4. Large-scale mergers, problems
  5. Layered ownership structures
  6. Lazard Freres
  7. LBOs. See Leveraged buyouts
  8. Leaseback financing
  9. Lefèvre payoff diagram
  10. Legal aspects (mergers)
  11. Legal tactics
  12. Lender Processing Services merger/Fidelity National divestitures, Federal Trade Commission announcement
  13. Leverage
    1. arbitrageur usage
    2. impact
    3. levels, negative alpha
    4. short selling, combination
    5. usage
  14. Leveraged buyouts (LBOs)
  15. Leveraged loans
  16. Leveraged recapitalizations (buybacks)
  17. Levevre, Henri
  18. Lew, Jack
  19. Lex Mercatoria
  20. Liang, Bing
  21. Life Technologies Corporation, Thermo Fisher acquisition
  22. Linear mean-variance analysis, inappropriateness
  23. Lipper TASS
  24. Lipton, Martin
  25. Liquid alternatives
  26. Liquidity
    1. event
    2. representation
  27. Li, Tao
  28. Litigation, types
  29. Loans
  30. Local market price, acceptance
  31. London Interbank Offered Rate (LIBOR)
    1. spread
    2. U.S. dollar LIBOR, basis
  32. Longs Drug Stores, CVS Caremark (acquisition bid)
  33. Long/short merger arbitrage, gross return (calculation)
  34. Long-term capital gains, tax rate
  35. Long-term incentives
  36. Long-term investors, interest (absence)
  37. Long-term loans, usage
  38. Loss(es)
    1. deviation
    2. spreads, widening (impact)
  39. Low-volatility strategy
  40. LTV Corporation, bankruptcy

M

  1. MacDonald Detwiller and Associates (MDA), Alliant Techsystems acquisition
  2. Macmillan, sale
  3. Macquarie Bank
  4. Maheswaran, Krishnan
  5. Managed Accounts Research (MAR)
  6. Management
    1. compensation
    2. employment agreements, control provisions (change)
    3. incentives
    4. private equity buyouts, management interest
  7. Management buyouts (MBOs)
  8. Mandatory bids
    1. acquisitions
    2. rules, characteristics
  9. Margin borrowing
  10. Marked-to-market losses
  11. Markel Corp., acquisition (announcement)
  12. Market
    1. capitalization
    2. manipulation
    3. market-neutral investment strategies
    4. participants, options
  13. Mark-to-market valuation
  14. Martin Marietta, Bendix takeover
  15. Maryland Control Share Acquisition Act
  16. Material adverse change (MAC)
  17. Material adverse effect, See Material adverse change
  18. Maxheim, Christoph
  19. May Day (1975)
  20. MBOs. See Management buyouts
  21. MCG Capital
  22. McKeeson Corp. acquisition
  23. Mei, Danqiing
  24. Men's Wearhouse, Jos. A. Banks (battle)
  25. Merger arbitrage
    1. activist merger arbitrage
    2. analysis, limitation
    3. average annualized merger arbitrage spread
    4. average spreads
    5. benefits
    6. bond-like returns/volatility, historical pattern
    7. credit risk management, comparison
    8. excess merger arbitrage returns, market returns (piecewise linear regression)
    9. excess merger arbitrage returns, piecewise linear regression
    10. funds
    11. hedge funds
      1. indices
    12. indices
    13. investments
    14. liquidity, impact
    15. long/short components
    16. low-volatility strategy
    17. mechanics
    18. performance
    19. pre-quantitative easing performance
    20. pure merger arbitrage strategy
    21. put option characteristics, Lefèvre diagram
    22. ranking
    23. research approaches
    24. returns
    25. reverse merger arbitrage
    26. risk
    27. spreads
    28. Standard & Poor's Merger Arbitrage Indices
    29. term, occurrence/frequency
    30. transactions portfolio
    31. universe
  26. Merger closings
  27. Merger Fund (MERFX)
  28. Mergers
    1. acquirer/target SEC filings
    2. activity, waves
    3. agreement
    4. announcement/closing, problems
    5. antitrust problems
    6. arbitrageurs, impact
    7. arrangement, scheme
    8. Austria/Australia, public company mergers (timing)
    9. average acquisition premia
    10. bidding wars
    11. breakup fees
    12. buyer/target, relative size
    13. Canada
    14. cash mergers
    15. categories
    16. Chinese companies
    17. Chinesing
    18. coerciveness
    19. collapse
    20. collars, usage
    21. consideration
    22. deal structures
    23. differences
    24. direct merger
    25. due diligence
    26. Europe, impact
    27. failure rates
    28. financing
    29. forward triangular merger
    30. France, public company mergers (timing)
    31. fraud
    32. Germany, public company mergers (timing)
    33. government involvement
    34. hostile bids
    35. hostile mergers, ubiquity
    36. international anti-competition merger regulation
    37. large-scale mergers, problems
    38. law jurisdictions
    39. legal aspects
    40. management opposition
    41. market capitalization
    42. mixed cash/stock mergers
    43. mixed stock/cash mergers
    44. national governments, impact
    45. number
    46. opposition
    47. optionality
    48. premium
    49. principal/conflict, handling
    50. process
    51. provincial governments (Canada), impact
    52. public intervention
    53. rationale
    54. reasons
    55. reverse triangular merger
    56. SEC regulation
    57. securities regulators
    58. shareholders
    59. short-form merger, completion
    60. state governments, impact
    61. stock-for-stock mergers
    62. stocks, volatility
    63. structuring
    64. success, probability
    65. target company, arbitrageur holdings
    66. tax policy
    67. tender offers
    68. ticking fee
    69. timing
    70. trade unions, impact
    71. triangular mergers, types
    72. typology
    73. uncertain merger consideration
    74. United Kingdom public company mergers, timing
    75. United States mergers
    76. windfall profits, types
    77. worldwide volume
  29. Mergers and acquisitions (M&As)
    1. appearance
    2. court decisions
    3. government involvement
    4. legal universes
  30. Merisel, Inc.
  31. Metropolitan New York
  32. Mezzanine debt
  33. Micro-cap stocks, trading volumes
  34. Micron Technology, Tsinghua Unigroup acquisition
  35. Milken, Michael
  36. Minimum acceptable return (MAR)
  37. Ministry of Commerce (MOFCOM)
  38. Minority shareholders
  39. Minority squeeze-outs
    1. control
    2. family control
    3. layered ownership structures
    4. multiple share classes
    5. related party transactions
    6. share class structures
    7. special takeover defenses
    8. special voting rights
  40. Mixed cash/stock mergers
    1. calculation (difficulty)
  41. Modigliani-Miller paradigm
  42. Mondelez
  43. Monopoly, conspiracies
  44. Montebourg, Arnaud
  45. Monte Carlo projections
  46. Monthly excess return (alpha)
  47. MONY Group, AXA acquisition
  48. Morningstar Credit Agricole Structured Asset Management Center for International Securities and Derivatives Markets (CASAM CISDM)
  49. Motorola Mobility, Google acquisition
  50. Moyes, Jerry
  51. MPG Office Trust, Brookfield Office Properties acquisition
  52. MSCI Barra hedge fund indices
  53. Muddy Waters (research firm)
  54. Multiple arbitrage
  55. Multiple share classes, impact
  56. Murdoch, Rupert
  57. Mutual funds
    1. cash level
    2. merger arbitrage, usage (efficient frontier)
    3. publicly available mutual funds, merger arbitrage usage
    4. redemptions
    5. risk/return trade-off, merger arbitrage (usage)
  58. Mylan NV

N

  1. Naked short sales, prohibition
  2. National Development and Reform Commission (NDRC)
  3. National governments, impact
  4. National Home Health Care Corp. acquisition
  5. National interest, stress
  6. National regulations, impact
  7. NDRC. See National Development and Reform Commission
  8. Negative alpha
  9. Nelson Resources, Lukoil acquisition
  10. Net asset value (NAV) calculations
  11. Net returns
  12. Netsmart
  13. Net spreads
  14. Neurolofy Products
  15. Nevada gaming regulation/redemption, Wynn Resorts description
  16. Nexen, Inc. China National Offshore Oil Co. (CNOOC) acquisition attempt
  17. No Extension statements
  18. No Increase statement
  19. Non-common law jurisdictions, regulations
  20. Noncore businesses, sale
  21. Noncore divisions, shedding
  22. Non-U.S. companies, exemptions
  23. Non-U.S. merger, composition

O

  1. Odyssey HealthCare
  2. OFI Asset Management study
  3. Ohio Mattress, bonk placement failure
  4. Omnicare, Inc. v. NCS HealthCare
  5. Omnicom, control provisions (change)
  6. OneChicago, single stock futures offering
  7. OneSource Information Services, shareholder rights plan
  8. Options
    1. prices
    2. trading volume (Superior Essex Inc.)
    3. vesting
  9. Order book
  10. Order placement, technological improvements
  11. Overpayment risk

P

  1. Pac-Man takeover defense
  2. Parent Share
  3. Passively managed risk arbitrage index, creation
  4. Paulson & Co.
  5. Payment in kind (PIK) debt, increase
  6. Payoff diagram, usage
  7. Payoff distribution
  8. Payout profile
  9. PDS Gaming, installment sale
  10. Peak, criteria
  11. Peltz, Nelson
  12. Peoplesoft products
  13. Permitted bids
  14. Perry Corp. King shares ownership
  15. Pershing Square Capital Management LP
  16. Petrasek, Lubomir
  17. Pickens, T. Boone
  18. Piecewise linear regression, estimation
  19. PIK. See Payment in kind
  20. Pinnacle Gas Resources
  21. Poison pills
  22. Portfolios
  23. Post-merger HHI
  24. Potash Corporation, BHP Billiton acquisition attempt
  25. Preannouncement stock returns
  26. Preferred stock
  27. Premia, historical information
  28. Price/earnings (P/E) ratio
  29. Price efficiency, definition
  30. Priceline.com, Kayak Software Corp. merger agreement (forward triangular merger description)
  31. Price movements, French regulation
  32. Prince, Charles
  33. Prisoner's dilemma
  34. Private equity
  35. Private equity buyouts
  36. Private-equity sponsored management buyout
  37. Private investments in public equity (PIPE)
  38. Product, true value (discovery)
  39. Profit sharing agreements
  40. Progress Energy Resources Corp., Petronas Bhd acquisition attempt
  41. Promissory notes, issuance
  42. Proration provision
  43. Provincial governments, impact
  44. Provincial laws, impact
  45. Proxy campaigns
  46. Proxy statements
  47. Pseudo-probability, calculation
  48. PTTEP, hostile bid
  49. Public company mergers, timing
  50. Public equity, private investments
  51. Public intervention
  52. Publicly traded companies, family control
  53. Public opposition
  54. Put option characteristics, Lefèvre diagram
  55. Put up or shut up regime

Q

  1. Quaker Event Arbitrage Fund (QEAAX)
  2. Qualified dividends, tax rate
  3. Quantitative easing (QE)
  4. Quest Resources Corp.
  5. Quiznos, going-private transaction

R

  1. RBC. See Royal Bank of Canada
  2. Real estate investment trusts (REITs)
  3. ReFlow Management Co., shares acquisition
  4. Regulation, SEC approach
  5. Regulation SHO
  6. Regulation T
  7. Reincorporation, impact
  8. Related party transactions
  9. Reporting periodicity, variation
  10. Restoration Hardware, acquisition
  11. Returns
    1. annualized return
    2. arbitrage, expected return
    3. daily returns
    4. excess merger arbitrage returns
    5. extension risk, impact
    6. leverage, impact
    7. monthly return statistics
    8. portfolios, merger arbitrage returns
    9. projections
    10. short sales element
    11. sources
  12. Reverse merger arbitrage
  13. Reverse triangular merger
  14. Revlon v. MacAndrews & Forbes
  15. Rising market, constant percentage spread (losses)
  16. Risk
    1. arbitrage
    2. downside risk measures
    3. management
    4. risk/return profile
    5. split
    6. statistics, CAPM framework
    7. systemic risk
  17. Risk-free interest rate, indicator consideration
  18. Risk-return trade-off (risk/return trade-off)
  19. Rohrabacker, Dana
  20. Royal Bank of Canada (RBC)
  21. Rue21, Inc.
  22. Rule 13-e3 (Rule 13-E3) (SEC)
  23. Rule 14d-10 (SEC)
  24. Rule 14E (SEC)
  25. Rule 425 filing (SEC)
  26. Rumors
  27. Rural/Metro Corporation, Emergency Medical Services acquisition

S

  1. Sack, Burton
  2. Sale financing
  3. Sale-leaseback transactions, structuring
  4. Salix Pharmaceuticals, Allergan acquisition
  5. Sanofi/Genzyme CVR
  6. Sarbanes-Oxley law
  7. Savasoglu, Serkan
  8. Schedule 13D (SEC), purchases
  9. Schedule 13E-3 (SEC)
  10. Schedule 14A (SEC)
  11. Schedule 14D-9 (SEC)
  12. Schedule K-1 (IRS)
  13. Schedule TO (SEC)
  14. Scheme of Arrangement, See Arrangement
  15. SCPIE, The Doctors' Company acquisition
  16. Second requests
  17. Securities
  18. Securities and Exchange Act, Section 10b-5
  19. Securities and Exchange Commission (SEC)
    1. acquirer/target filings
    2. filings
    3. merger regulation
    4. regulation approach
    5. rules
    6. tender offer regulation
  20. Security Capital, MTN Capital acquisition
  21. Sellers
  22. Semi deviation
  23. Shannon, John
  24. Shareholders
    1. abuse, occurrence
    2. activism
    3. activists, rise
    4. base, composition (change)
    5. beneficial owner status
    6. board disenfranchisement, justification
    7. economic exposure, absence
    8. investment exit
    9. opposition (mergers)
    10. price maximization, board (impact)
    11. proxy campaigns
    12. public opposition
    13. reincorporation, impact
    14. selling shareholders, payment
    15. shares, withholding
    16. stock sales, impact
  25. Shares
    1. borrowing
    2. withholding
  26. Sharpe ratio
  27. Shell acquisition of Cove Energy plc, breakup fee
  28. Sherman Act of 1890
  29. Shorin, Arthur T.
  30. Short biased hedge funds, performance
  31. Shorted stock, dividends payment
  32. Short-form merger
  33. Short sales
    1. activity
    2. closing, process
    3. hedges, comparison
    4. naked short sales, prohibition
    5. selling pressure
  34. Short sellers, position coverage
  35. Short selling
    1. bans
  36. Short-term capital gains (generation), merger arbitrage (usage)
  37. Siemens, acquisition (rumor)
  38. Silconix, Vishay Intertechnology acquisition
  39. Silver Lake Partners, acquisition proposal
  40. Simon Properties
  41. Simple interest, calculation
  42. Single stock futures, OneChicago offering
  43. SISU Capital Ltd.
  44. Small-cap premium, manifestation
  45. SOE. See State-owned enterprise
  46. Soft dollars (brokerage commission)
  47. Solomon v. Pathe Communications Corp.
  48. Sortino ratio
  49. Southeastern Asset Management, merger stake
  50. Southwest Airlines Co.
  51. Sovereign Bancorp, Groupo Santander acquisition
  52. Spain, takeover timetables
  53. SPAR-Mutual algorithm
  54. Special takeover defenses
  55. Special voting rights
  56. Speculation, arbitrage (differences)
  57. Spreads
    1. annualized spread, increase
    2. average annualized merger arbitrage spread
    3. bid/offer spreads
    4. deal spread
    5. dispersion, downtrend
    6. evolution (Autonomy Corp.)
    7. information, problem
    8. leveraged loans
    9. merger arbitrage spreads
    10. overview
    11. problems, avoidance
    12. widening
    13. width/tightness
  58. Spruchverfahren
  59. Squeeze-outs
  60. Standard & Poor's 500 (S&P500) Index
  61. Standard & Poor's (S&P) Depositary Receipts (SPDR)
  62. Standard & Poor's Merger Arbitrage Indices
  63. Stapled financing
  64. State Administration of Foreign Exchange (SAFE)
  65. State Administration of Industry and Commerce (SAIC)
  66. State Administration of Taxation (SAT)
  67. State governments, impact
  68. State laws, impact
  69. State-owned Assets Supervision and Administration Commission (SASAC)
  70. State-owned enterprise (SOE)
  71. Stefanesco, Irina
  72. Stifel Financial Corp. acquisition
  73. Stock-for-stock mergers
    1. analysis, perils
    2. arbitrage, comparison
    3. cash mergers, contrast
    4. cash receipt
    5. market movement protection
    6. short leg
  74. Stock-for-stock offer
  75. Stock-for-stock swap
  76. Stock-for-stock transactions
  77. Stocks
    1. appreciation rights
    2. arbitrageur shorting
    3. bonds (combination), efficient frontiers
    4. cash merger, idealized chart
    5. combination
    6. investors, payoff distribution
    7. market, development
    8. mergers, percentage
    9. multiple classes
    10. options
    11. ownership, percentage
    12. preannouncement stock returns
    13. preferred stock, series
    14. price, examples
    15. shorting
    16. short seller
    17. trading volume (description), liquidity (usage)
    18. volatility
  78. Stonington Partners
  79. Strategic alternatives
  80. Strine, Leo
  81. Summary term sheet
  82. Sungard Data Systems, acquisition
  83. Sunoco Inc., Energy Partners, LP acquisition
  84. Superior Essex Inc., option trading volume
  85. Supervoting shares, usage
  86. Supra-national regulations
  87. Survivorship bias
  88. Swiss Performance Index (SPI)
  89. Switzerland, takeover timetables
  90. Swoboda, Otto
  91. Symmetric performance fee, risks
  92. Systemic risk

T

  1. Takeover Code
  2. Takeovers
    1. best price rule
    2. board
    3. buybacks (leveraged recapitalizations)
    4. buyer lockout
    5. creeping takeovers
    6. cross-border transactions
    7. cumulative voting
    8. defenses
    9. entire fairness, requirement
    10. exit rights
    11. freeze-out
    12. hostile takeover transactions, ranking
    13. Imaging Ltd./Coviden merger agreement, voting conditions
    14. mandatory acquisitions
    15. mandatory takeover rules, characteristics
    16. market manipulation
    17. mergers, coerciveness
    18. No Increase/No Extension statements
    19. Pac-Man takeover defense
    20. poison pills
    21. shareholders
    22. speculation, presence
    23. staggered boards, impact
    24. stocks, multiple classes
    25. U.S. court decisions
  3. Takeunder
  4. Target
    1. balance sheet, cash (availability)
    2. breakup fees
    3. cumulative abnormal stock returns
    4. loss severity
  5. Target company
  6. Tashman, Adam
  7. Taubman Centers, Inc., ownership battle
  8. Tax
    1. deferral, application
    2. inversion
    3. policies
    4. post-inversion
    5. reporting (mutual funds)
  9. Tax Increase Prevention and Reconciliation Act of 2005
  10. Tender offers
    1. acquirer/target SEC filings
    2. advantage
    3. amendment
    4. arrangement, scheme
    5. bidder, share ownership
    6. completion
    7. deal structures
    8. extension
    9. financing
    10. funds, sources
    11. judicial review, impact
    12. law jurisdictions
    13. mergers
    14. Rule 14E requirements
    15. SEC regulation
    16. shares, withholding
    17. speed, increase
    18. statements
    19. summary term sheet
    20. timing
  11. 3G Capital, Burger King merger
  12. 3PAR
  13. Ticking fee
  14. Tight spreads
  15. Time-weighted portfolio, structuring
  16. Tokyo Electron (ETL)/Applied Materials, merger agreement
  17. Topps, lawsuit
  18. Top-up option
  19. Total return swaps, sellers
  20. Touchstone Merger Arbitrage Fund (TMGAX)
  21. Tower Australia, Dai-Ichi Life Insurance Company (arrangement scheme)
  22. Tracking error
  23. Trade unions, impact
  24. Trading
    1. insider trading
    2. investing, contrast
  25. Trane, Ingersoll-Rand acquisition (account)
  26. Transactions
    1. Atmi, Inc. transaction bonus agreement (disclosure)
    2. breakup fees
    3. costs
    4. going-private transactions
    5. hedging, accuracy
    6. timing, arbitrageur analysis
  27. Transkaryotic decision
  28. Treasury bills (T-bills)
  29. Treasury yield, short-term trough/peak
  30. Treynor ratio
  31. Triangular mergers, types
  32. Tropicana Casino license, withdrawal
  33. Trough, criteria
  34. Trustreet Properties, General Electric acquisition
  35. Trustreet series C preferred stock, volume chart
  36. 220 requests

U

  1. UCITS-compliant funds
  2. UCITS funds
  3. Uncertain merger consideration
  4. Unisource Energy, Kohlberg Kravis Roberts & Co. acquisition
  5. Unisource stock price, postmerger collapse
  6. United Kingdom (UK)
    1. breakup fees
    2. City Code on Takeovers and Mergers
    3. public company mergers, timing
    4. Takeover Code
  7. United States
    1. antitrust rules
    2. incorporation laws
  8. United States mergers
  9. United Steelworkers (USW), Esmark contract
  10. University of Massachusetts Amherst, MAR data
  11. Unocal v. Mesa Petroleum
  12. Unreasonably small capital, presence
  13. UOP, Inc., majority shareholder
  14. Upmarkets, consideration
  15. Upper Deck
  16. Upside/downside capture ratio
  17. U.S. minority shareholders, impact
  18. Utilities, takeover (failure)

V

  1. Valeant Pharmaceuticals
  2. Valuation opinion
  3. Value-at-Risk (VAR), usage
  4. Value trap
  5. Van Gorkom
  6. Vector Capital
  7. Verenium Corporation
  8. VistaCare, acquisition
  9. Vodafone, Supreme Court ruling
  10. Volatility
    1. implied volatility
    2. low-volatility strategy
  11. Volkswagen AG, Porsche SE takeover
  12. Volume-weighted average price (VWAP)
  13. Vulcan Materials Company, Energy Transfer Partners, LP, acquisition

W

  1. Walkling, Ralph
  2. Wallace, Carter
  3. Wang, Jia
  4. Wasserstein, Bruce
  5. Weighted average cost of capital (WACC)
  6. Wells Fargo/Wachovia merger, effect
  7. Westfield America Trust
  8. Wide spreads
  9. Wild Oats, Whole Foods acquisition (FTC injunction)
  10. William Blair, fairness opinion
  11. Wilshire Enterprises
  12. Windfall profits, types
  13. Windrose Medical Properties
  14. World Focus, debt
  15. Wynn Resorts

Y

  1. Yang, Taewon
  2. Yeoh, Soon Chin

Z

  1. Zilbermints, Boris
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