Merger Arbitrage Mondays - Bidding Wars And Revised Agreements
Merger activity decreased last week with four new deals announced and one deal completed. There was a decline in SPAC activity as well with 25 new SPAC IPOs announced last week compared to 36 in the previous week. The record pace of SPAC IPO’s this quarter resulted in 250 SPACs year-to-date compared to just 11 during the same period in Q1 2020.
