Merger Arbitrage: A Fundamental Approach to Event-Driven Investing by Lionel Melka, Amit Shabi
Merger Arbitrage: A Fundamental Approach to Event-Driven Investing by Lionel Melka, Amit Shabi PDF, ePub eBook D0wnl0ad
A wave of corporate mergers, acquisitions, restructuring, and similar transactions has created unprecedented opportunities for those versed in contemporary risk arbitrage techniques. At the same time, the nature of the merger wave has lent such transactions a much higher degree of predictability than ever before, making risk arbitrage more attractive to investors. Surprisingly, there is little transparency and instruction for investors interested in learning the latest risk arbitrage techniques. Merger Arbitrage – A Fundamental Approach to Event-Driven Investing helps readers understand the inner workings of the strategy and hedge funds which engaged in this investment strategy.
Merger arbitrage is one of the most commonly used strategies but paradoxically one of the least known. This book puts it in the spotlight and explains how fund managers are able to benefit from mergers and acquisitions. It describes how to implement this strategy, located at the crossroad of corporate finance and asset management, and where its risks lie through numerous topical examples.
The book is split into three parts. The first part, examining the basis of merger arbitrage, looks at the key role of the market in takeover bids. It also assesses the major changes in the financial markets over recent years and their impact on M&A. Various M&A risk and return factors are also discussed, alongside the historical profitability of merger arbitrage, the different approaches used by fund managers and the results of academic studies on the subject. The second part of the book deals with the risk of an M&A transaction failing in terms of financing risk, competition issues, the legal aspects of merger agreements and administrative and political risks. The third part of the book examines specificities of M&A transactions, comprehensively covering hostile takeovers and leveraged buyouts. Each part contains many recent examples and case studies in order to show how the various theories and notions are put into practice.
From researching prospects and determining positions, to hedging and trading tactics, Lionel Melka and Amit Shabi present the full complement of sophisticated risk arbitrage techniques, making Merger Arbitrage a must read for finance and investment professionals who want to take advantage of the nearly limitless opportunities afforded by today's rapidly changing global business environment. The book builds on its authors’ diverse backgrounds and common experience managing a merger arbitrage fund, providing readers with an enriching inside view on M&A operations.
From reader reviews:
Katherine Levy:
The book with title Merger Arbitrage: A Fundamental Approach to Event-Driven Investing posesses a lot of information that you can find out it. You can get a lot of advantage after read this book. This book exist new know-how the information that exist in this reserve represented the condition of the world now. That is important to yo7u to learn how the improvement of the world. This kind of book will bring you inside new era of the glowbal growth. You can read the e-book on the smart phone, so you can read that anywhere you want.
Gene Kirkland:
This Merger Arbitrage: A Fundamental Approach to Event-Driven Investing is great book for you because the content that is full of information for you who all always deal with world and get to make decision every minute. This specific book reveal it information accurately using great coordinate word or we can state no rambling sentences inside. So if you are read that hurriedly you can have whole facts in it. Doesn't mean it only gives you straight forward sentences but tricky core information with attractive delivering sentences. Having Merger Arbitrage: A Fundamental Approach to Event-Driven Investing in your hand like obtaining the world in your arm, details in it is not ridiculous one. We can say that no book that offer you world throughout ten or fifteen small right but this guide already do that. So , this can be good reading book. Hi Mr. and Mrs. stressful do you still doubt which?
Felix Smith:
As a pupil exactly feel bored to reading. If their teacher questioned them to go to the library or to make summary for some guide, they are complained. Just little students that has reading's spirit or real their pastime. They just do what the trainer want, like asked to the library. They go to right now there but nothing reading really. Any students feel that looking at is not important, boring and can't see colorful pics on there. Yeah, it is for being complicated. Book is very important in your case. As we know that on this period, many ways to get whatever we would like. Likewise word says, ways to reach Chinese's country. Therefore this Merger Arbitrage: A Fundamental Approach to Event-Driven Investing can make you sense more interested to read.
Read Merger Arbitrage: A Fundamental Approach to Event-Driven Investing by Lionel Melka, Amit Shabi for online ebook
Merger Arbitrage: A Fundamental Approach to Event-Driven Investing by Lionel Melka, Amit Shabi Free PDF d0wnl0ad, audio books, books to read, good books to read, cheap books, good books, online books, books online, book reviews epub, read books online, books to read online, online library, greatbooks to read, PDF best books to read, top books to read Merger Arbitrage: A Fundamental Approach to Event-Driven Investing by Lionel Melka, Amit Shabi books to read online.
Comments
Post a Comment