Special Situations · Risk Arbitrage

Merger Arbitrage

Live pending deals ranked by annualized spread. We track targets across cash, stock, mixed-consideration, and special-situation transactions.

Live · Updated Jul 16, 2026, 13:04 UTC·Sourced from public filings
Live Deals
50
pending deals tracked
Median Ann. Spread
6.73%
outlier (>500%) trimmed
Median Gross Spread
4.06%
across all tracked deals
Closing in 90d
17
expected near-term action

All deals

50 of 50
TickerTargetAcquirerTypeTarget PxImplied ValueGross SpreadAnn. SpreadDays LeftClose Date
IMXIInternational Money Express, Inc.The Western Union Companycash$13.81$16.0015.84%755.87%25dAug 10, 2026
PENPenumbra, Inc.Boston Scientific Corporationmixed$318.78$547.6171.78%223.98%168dDec 31, 2026
ZIMZIM Integrated Shipping Services LtdHapag-Lloydcash$24.66$35.0041.96%114.09%168dDec 31, 2026
WBDWarner Bros. Discovery, Inc.Paramount Skydance Corporationcash$26.93$31.0015.13%96.77%76dSep 30, 2026
FTHMFathom Holdings Inc.Bed Bath & Beyond, Inc.stock$0.95$1.1824.72%61.60%168dDec 31, 2026
QRVOQorvo, Inc.Skyworks Solutions, Inc.mixed$82.25$86.615.30%49.36%47dSep 1, 2026
UNFUniFirst CorporationCintas Corporationmixed$292.40$314.007.39%40.82%76dSep 30, 2026
SKYTSkyWater Technology, Inc.IonQ, Inc.mixed$31.44$33.556.72%36.69%76dSep 30, 2026
GDOTGreen Dot Corporation Class ASmith Ventures LLC / CommerceOne Financial Corporationspecial$13.52$14.235.29%28.09%76dSep 30, 2026
TECKTeck Resources Limited Class BAnglo American plcstock$56.29$66.0517.35%25.40%258dMar 31, 2027
AXTAAxalta Coating Systems LtdAkzo Nobel N.V.stock$32.62$37.6815.50%22.62%258dMar 31, 2027
NSCNorfolk Southern CorporationUnion Pacific Corporationmixed$339.14$387.8614.36%20.91%258dMar 31, 2027
ELSEElectro-Sensors, Inc.steute Technologies GmbH & Co. KGcash$7.70$7.750.65%17.06%15dJul 31, 2026
IRDMIridium Communications Inc.Rocket Lab Corporationmixed$46.72$53.8715.31%16.06%349dJun 30, 2027
BHFBrighthouse Financial, Inc.Aquarian Capital affiliatecash$65.41$70.007.02%15.88%168dDec 31, 2026
TXNMTXNM Energy, Inc.Blackstone Infrastructurecash$57.53$61.256.46%14.56%168dDec 31, 2026
FCR-UFirst Capital Real Estate Investment TrustKingSett Capital and Choice Properties REITmixed$23.14$24.455.66%12.70%168dDec 31, 2026
NA9Nagarro SEGalaxy Germany Holding SE / Persistent Systems Limitedcash$75.65$81.007.07%10.15%258dMar 31, 2027
FSEAFirst Seacoast Bancorp, Inc.Cambridge Financial Group, Inc.cash$16.91$17.252.01%10.03%76dSep 30, 2026
IHSIHS Holding LimitedMTN Group Limitedcash$8.13$8.504.49%10.01%168dDec 31, 2026
PERFPerfect Corp.ProjectNYcash$1.92$2.004.16%9.26%168dDec 31, 2026
GSATGlobalstar, Inc.Amazon.com, Inc.mixed$79.89$90.0012.65%8.50%533dDec 31, 2027
NSTSNSTS Bancorp, Inc.Brookfield Bancshares, Inc.cash$13.79$14.283.59%7.97%168dDec 31, 2026
BNCCBNCCORP, Inc.OppFi Inc.mixed$36.07$37.203.12%6.91%168dDec 31, 2026
ALOTAstroNova, Inc.Arcline Investment Management LP affiliatescash$28.60$29.001.40%6.90%76dSep 30, 2026
AFBIAffinity Bancshares, Inc.Fidelity BancShares (N.C.), Inc.cash$22.69$23.001.37%6.73%76dSep 30, 2026
CRNXCrinetics Pharmaceuticals, Inc.Vertex Pharmaceuticals Incorporatedcash$83.88$85.001.34%6.58%76dSep 30, 2026
EAElectronic Arts Inc.PIF / Silver Lake / Affinity Partnerscash$207.29$210.001.31%6.44%76dSep 30, 2026
SLABSilicon Laboratories Inc.Texas Instruments Incorporatedcash$218.36$231.005.79%6.06%349dJun 30, 2027
NATHNathan's Famous, Inc.Smithfield Foods, Inc. (SFD)cash$100.44$102.001.55%6.01%96dOct 20, 2026
NCSMNCS Multistage Holdings, Inc.Weatherford International plcstock$44.13$44.661.22%5.98%76dSep 30, 2026
WTRGEssential Utilities, Inc.American Water Works Company, Inc.stock$39.18$40.733.97%5.66%258dMar 31, 2027
ALLFGAllfunds Group plcDeutsche Börse AGmixed$8.72$9.185.37%5.62%349dJun 30, 2027
SNR.LSenior plcZeus UK Bidco Limited (Tinicum / Blackstone consortium)cash$289.00$300.003.81%5.43%258dMar 31, 2027
ROKURoku, Inc.Fox Corporationmixed$143.69$150.915.03%5.26%349dJun 30, 2027
OGNOrganon & Co.Sun Pharmaceutical Industries Limitedcash$13.51$14.003.67%5.22%258dMar 31, 2027
VALValaris LimitedTransocean Ltd.stock$76.37$78.162.34%5.16%168dDec 31, 2026
CCOClear Channel Outdoor Holdings, Inc.Mubadala Capital and TWG Globalcash$2.40$2.431.04%5.09%76dSep 30, 2026
ACAArcosa, Inc.CRH plccash$144.96$150.003.48%4.95%258dMar 31, 2027
IVGIveco Group NVTata Motors Limited (via TML CV Holdings PTE LTD)cash$13.96$14.101.00%4.91%76dSep 30, 2026
KVUEKenvue Inc.Kimberly-Clark Corporationmixed$19.06$19.472.14%4.70%168dDec 31, 2026
PAYOPayoneer Global Inc.Nuvei Corp.cash$7.09$7.404.37%4.58%349dJun 30, 2027
NWENorthWestern Energy Group, Inc.Black Hills Corporationstock$72.63$73.821.64%4.44%137dNov 30, 2026
NATLNCR Atleos CorporationThe Brink’s Companymixed$46.85$48.303.10%4.41%258dMar 31, 2027
AMS.LAdvanced Medical Solutions Group plcH.B. Fuller Companycash$279.50$285.001.97%4.32%168dDec 31, 2026
AVNSAvanos Medical, Inc.Affiliates of American Industrial Partnerscash$24.97$25.000.12%4.06%11dJul 27, 2026
TATETate & Lyle PLCIngredion Incorporatedcash$562.50$595.005.78%3.92%533dDec 31, 2027
SESSECURE Waste Infrastructure Corp.GFL Environmental Inc.mixed$23.50$23.761.12%3.84%108dNov 1, 2026
APGEApogee Therapeutics, Inc.AbbVie Inc.cash$134.06$135.110.78%3.82%76dSep 30, 2026
ARXARC Resources Ltd.Shell plcmixed$31.74$32.261.66%3.63%168dDec 31, 2026
Ann. Spread Tiers< 4% tight4–8% watch8–15% mid≥ 15% high
✓ = verified full terms · spreads computed on last close