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Written by a fund manager who invests solely in merger arbitrage and other event-driven strategies, Merger Arbitrage, Second Edition is the definitive book on how this hedge fund strategy works. This edition will have a stress on Worldwide Legal Deal Regimes, the U.K. Takeover Code and Its Global Offspring, and other Regulators Around the World. In addition, the book has detailed examples of past mergers which really help to illustrate how mergers operate and how to take advantage of them. The book also talks about risks involved with mergers and explains how some risks really aren't that bad considering the potential upside for merger arbitrage strategies. Kirchner points out simple benefits such as diversification of risk and return streams as basic reasons to incorporate a merger arbitrage strategy into traditional investment strategies.
Merger Arbitrage How to Profit from Global Event-Driven Arbitrage
by Kirchner, ThomasEdition: 2nd
Format: Hardcover
Pub. Date: 2016-04-18
Publisher(s): Wiley
List Price: $100.73
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Summary
Author Biography
THOMAS F. KIRCHNER is a portfolio manager of the Quaker Event Arbitrage Fund, a mutual fund that uses merger arbitrage as one of its investment strategies.
Table of Contents
Preface vii
Acknowledgments xi
PART ONE The Arbitrage Process 1
CHAPTER 1 Introduction to Merger Arbitrage 3
CHAPTER 2 The Mechanics of Merger Arbitrage 18
CHAPTER 3 The Role of Merger Arbitrage in a Diversified Portfolio 50
CHAPTER 4 Incorporating Risk into the Arbitrage Decision 103
PART TWO Pitfalls of Merger Arbitrage 141
CHAPTER 5 Sources of Risk and Return 143
CHAPTER 6 Deal Structures: Mergers and Tender Offers 188
CHAPTER 7 Financing 217
CHAPTER 8 Legal Aspects 250
CHAPTER 9 Management Incentives 293
CHAPTER 10 Buyouts by Private Equity 328
CHAPTER 11 Minority Squeeze-Outs 341
PART THREE Investing in Merger Arbitrage 361
CHAPTER 12 Government Involvement 363
CHAPTER 13 Four Ways to Fight Abuse of Shareholders in Mergers 409
CHAPTER 14 Investing in Arbitrage 435
Notes 475
About the Author 483
Exercises 485
Index 497
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