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 Aug 30, 2026, 07:12 UTC·Sourced from public filings
Live Deals
50
pending deals tracked
Median Ann. Spread
7.94%
outlier (>500%) trimmed
Median Gross Spread
4.28%
across all tracked deals
Closing in 90d
9
expected near-term action

All deals

50 of 50
TickerTargetAcquirerTypeTarget PxImplied ValueGross SpreadAnn. SpreadDays LeftClose Date
UNFUniFirst CorporationCintas Corporationmixed$281.88$312.6310.91%238.37%31dSep 30, 2026
BHFBrighthouse Financial, Inc.Aquarian Capital affiliatecash$53.04$70.0031.98%181.05%98dDec 6, 2026
NCSMNCS Multistage Holdings, Inc.Weatherford International plcstock$51.64$51.930.56%179.37%2dSep 1, 2026
DOMODomo, Inc.Progress Software Corporationspecial$3.86$4.8425.39%145.37%92dNov 30, 2026
GDOTGreen Dot Corporation Class ASmith Ventures LLC / CommerceOne Financial Corporationspecial$13.34$14.236.67%113.92%31dSep 30, 2026
FTHMFathom Holdings Inc.Neighborhood Intelligence, Inc. (formerly Bed Bath & Beyond, Inc.)stock$0.68$0.8828.48%110.38%123dDec 31, 2026
ZIMZIM Integrated Shipping Services LtdHapag-Lloydcash$27.44$35.0027.55%105.88%123dDec 31, 2026
SUPNSupernus Pharmaceuticals, Inc.Indivior Pharmaceuticals Inc.stock$43.73$53.7022.81%83.98%123dDec 31, 2026
IMXIInternational Money Express, Inc.The Western Union Companycash$14.47$16.0010.57%66.45%72dNov 10, 2026
CNE.LCapricorn Energy plcGenel Energy No.9 Limited / Genel Energy plccash$343.00$357.004.08%60.16%31dSep 30, 2026
CCOClear Channel Outdoor Holdings, Inc.Mubadala Capital and TWG Globalcash$2.34$2.433.85%55.95%31dSep 30, 2026
HHSHarte Hanks, Inc.Star Equity Holdings, Inc.mixed$4.34$4.9814.69%50.19%123dDec 31, 2026
PSNLPersonalis, Inc.Tempus AI, Inc.stock$17.07$21.4925.90%48.40%213dMar 31, 2027
NATHNathan's Famous, Inc.Smithfield Foods, Inc. (SFD)cash$98.47$102.003.58%28.67%51dOct 20, 2026
NSCNorfolk Southern CorporationUnion Pacific Corporationmixed$348.68$396.2313.64%24.49%213dMar 31, 2027
FCR-UFirst Capital Real Estate Investment TrustKingSett Capital and Choice Properties REITmixed$22.78$24.166.05%19.06%123dDec 31, 2026
PERFPerfect Corp.ProjectNYcash$1.89$2.005.82%18.28%123dDec 31, 2026
IRDMIridium Communications Inc.Rocket Lab Corporationmixed$46.60$52.7613.21%16.06%304dJun 30, 2027
AXTAAxalta Coating Systems LtdAkzo Nobel N.V.stock$37.02$40.238.67%15.30%213dMar 31, 2027
CRNXCrinetics Pharmaceuticals, Inc.Vertex Pharmaceuticals Incorporatedcash$84.84$85.000.19%14.74%5dSep 4, 2026
TECKTeck Resources Limited Class BAnglo American plcstock$69.34$74.257.08%12.43%213dMar 31, 2027
MTOMitie Group plcOCS Group International Limitedcash$209.00$221.606.03%10.55%213dMar 31, 2027
WBDWarner Bros. Discovery, Inc.Paramount Skydance Corporationcash$28.77$31.007.75%10.42%275dJun 1, 2027
BNCCBNCCORP, Inc.OppFi Inc.mixed$31.82$32.813.10%9.50%123dDec 31, 2026
TXNMTXNM Energy, Inc.Blackstone Infrastructurecash$57.64$61.256.26%8.43%274dMay 31, 2027
GSATGlobalstar, Inc.Amazon.com, Inc.mixed$81.76$90.0010.08%7.45%488dDec 31, 2027
VALValaris LimitedTransocean Ltd.stock$86.29$88.362.40%7.30%123dDec 31, 2026
ALLFGAllfunds Group plcDeutsche Börse AGmixed$8.99$9.525.87%7.09%304dJun 30, 2027
SLABSilicon Laboratories Inc.Texas Instruments Incorporatedcash$218.54$231.005.70%6.88%304dJun 30, 2027
FNWDFinward BancorpFirst Financial Bancorp.stock$43.35$44.312.21%6.69%123dDec 31, 2026
NA9Nagarro SEGalaxy Germany Holding SE / Persistent Systems Limitedcash$78.15$81.003.65%6.33%213dMar 31, 2027
NSTSNSTS Bancorp, Inc.Brookfield Bancshares, Inc.cash$13.99$14.282.07%6.28%123dDec 31, 2026
CHMICherry Hill Mortgage Investment CorporationTPG Mortgage Investment Trust, Inc.mixed$2.92$2.982.03%6.13%123dDec 31, 2026
RAMPLiveRamp Holdings, Inc.Publicis Groupe S.A.cash$37.74$38.502.01%6.09%123dDec 31, 2026
NWENorthWestern Energy Group, Inc.Black Hills Corporationstock$70.32$71.341.46%5.90%92dNov 30, 2026
ACAArcosa, Inc.CRH plccash$145.28$150.003.25%5.63%213dMar 31, 2027
IVGIveco Group NVTata Motors Limited (via TML CV Holdings PTE LTD)cash$13.96$14.101.00%5.59%67dNov 5, 2026
KVUEKenvue Inc.Kimberly-Clark Corporationmixed$19.17$19.521.83%5.54%123dDec 31, 2026
TATETate & Lyle PLCIngredion Incorporatedcash$554.50$595.007.30%5.41%488dDec 31, 2027
RORRotork plcABB Ltdcash$485.20$506.004.29%5.17%304dJun 30, 2027
CZRCaesars Entertainment, Inc.Fertitta Entertainment, Inc.cash$29.73$31.004.27%5.15%304dJun 30, 2027
RNWReNew Energy Global PlcCanada Pension Plan Investment Board / Sumant Sinha consortiumcash$6.82$7.022.93%5.08%213dMar 31, 2027
IHSIHS Holding LimitedMTN Group Limitedcash$8.36$8.501.67%5.05%123dDec 31, 2026
DVDoubleVerify Holdings, Inc.Nielsen Holdingscash$13.38$13.601.64%4.96%123dDec 31, 2026
PAYOPayoneer Global Inc.Nuvei Corp.cash$7.11$7.404.08%4.92%304dJun 30, 2027
SMTISanara MedTech Inc.MiMedx Group, Inc.mixed$34.57$35.131.62%4.89%123dDec 31, 2026
EXAExail TechnologiesThales S.A.cash$124.40$134.007.72%4.80%579dMar 31, 2028
HZOMarineMax, Inc.Safe Harbor Marinas / SHM Holdco, LLCcash$52.18$53.001.57%4.74%123dDec 31, 2026
BRBSBlue Ridge Bankshares, Inc.HomeTrust Bancshares, Inc.stock$3.93$4.032.65%4.59%213dMar 31, 2027
WTRGEssential Utilities, Inc.American Water Works Company, Inc.stock$41.10$42.182.63%4.55%213dMar 31, 2027
Ann. Spread Tiers< 4% tight4–8% watch8–15% mid≥ 15% high
✓ = verified full terms · spreads computed on last close