ArtBitragΞr

@MarketNews_Feed Thats a lot of substance in one tweet

ANTITRUST CHIEF TERESA RIBERA UNDER PRESSURE AS EU MERGER REFORM DRIFTS ...

@Arbtrader69 Crazy

$JNPR breakout of recent consolidation, decent volume esp for this pre holiday weekend. What's up? Settlement talks? Why buy in front of a trial date? S/t options moving w 21 days left to ex? Not a whisper I can find...speculation? Early happy 4th to those that celebrate...

@gr8t4ver Incoming p2

$K is this deal dying? feels like options market is pricing in a break though not reflected in the stock price?

@unemon1 🧐🧐🧐

Bidding war at SPECTRIS! .... enjoy!

@gr8t4ver @dt432123 Appraisal

@dt432123 that's what i'm thinking, just curious as to why it's so tight

$SKX trading really tight, ppl think the deal will be reworked?

@liensofnewyork Anyone thinking this is real clearly has never heard of a “non compete” 🫠

It's beautiful

@MergerArb99 🤔

#537 SELL $SPT LN. Shorted 2% NAV in this today @ 175p

#479 BUY $SPT LN @ 172.37 - 6.0% NAV position

@BillAckman @realDonaldTrump Agreed

By launching the tariffs on April 2nd, President @realDonaldTrump has enabled our trading partners to experience the visceral impact of the tariffs on their markets, companies, and citizens, and he has shown that he is prepared to do what is necessary to address unfair trading practices. The result has been nations lining up to negotiate deals with the administration. So far so good. By pausing reciprocal tariffs for 90 days and exempting certain goods from tariffs this weekend, he has also shown considerable flexibility in understanding the challenges to US companies in adapting to the tariffs overnight. By leaving a 145% tariff on China for the last few days, he has sent a message to China about the consequences to China of retaliating rather than coming to the negotiating table. The problem is that there remain millions of small and medium-size American businesses that suffer from an inability to adapt to the tariffs on China overnight. If President Trump were to pause the China tariffs for 90 days and reduce them temporarily to 10%, he would achieve the same objective in causing US businesses to relocate their supply chains from China without the disruption and risk to these businesses in the short term, and he would have time to negotiate a deal with China. China is under the same pressure to negotiate a deal whether the tariffs take effect immediately or if they take effect in 90 days. The benefit of waiting 90 days is two fold. It gives all US businesses the opportunity to make supply chain adjustments, and it gives China the opportunity to show that it is willing to negotiate a trade deal in good faith. If China does not cooperate and negotiate a deal that makes sense for our country, President Trump can bring the hammer down in 90 days.

@MergerArb99 This is gonna do v well..

#520 SELL (Short) $TGI @ $25.23. 10% NAV position. This thing was trading way too tight today! Long stop relatively short, huge premium etc.

@EricTheUmpire @PersimmonTI Good point lol

@PersimmonTI It does not appear buying $SWTX on Friday and selling on Monday has been a good strategy. The opposite has done ok.

$MDGL $CYTK $SWTX $xbi A bunch of M&A degenerates buying into the close… You people make me sick.

@jw929204 @biomannn Agree w this

@biomannn Think there r multiple bidders after mrk news, and management has asked for final bids, so they canceled cowen/ barclays. We should know likely in 1–2 weeks.

$swtx If I had to guess, early approval and subsequent price action threw wrench in the proceedings. Management now wants more since the SP appreciated too fast post approval. Never underestimate the management greed driven by price action, ala $CYTK

@thegunnerab Conclusion..?

$SWTX No way they haven’t already shopped this everywhere, so there no need for that. Maybe they are crazy enough to be waiting for EMA. I don't think SWTX will go for that. You don't cancel CC for something that is two months away.

$SWTX Assuming the price was agreed on, what can stall the deal? Whatever their conditions are. Can’t be anything major at this point with approval. Only things would be legal stuff, but that shouldn’t be enough to stop a deal. No anti-trust concerns. Breaku fee is always nego.

@FeldtInvesting Correct

If I understood correctly, Merck would need to immediately report if these types of negotiations are halted (or no deal). It will indeed be interesting to see what Garijo states. She may just refuse saying anything, but if she states anything with more than one sentence, you can bet tutes are on keen ear.

$SWTX people keep talking about SP crashing, and that the whole of premium will be gone, if no news tomorrow. Why would it? Sure there’s a drop (possibly temporary to shake out some retail), but this ”earnings deadline” is just imaginery, something that investors have come up with. Deals worth billions do not care about the day of the week or earnings events, if there’s anything that needs to be still covered. We will hover over 40 until an outcome is given.

@stockassassin74 @sharkbiotech @Sanctuary_Bio @AaronRosenblum5 Would trade v tight there is no overlaps at all

@sharkbiotech @Sanctuary_Bio @AaronRosenblum5 If $swtx a tad over 70 still likely trades mid 60s due to arb spread no? So from bump in price from close Friday, maybe see $7ish price appreciation for months…

We'll see what happens with $SWTX . Even if deal is confirmed, premium might not be much more than current price, see MRTX or XLRN clearly merck kgga was not a fan of the leak

@MergerArb99 Interesting close today

#531 BUY $TKWY @ EUR 19. I know this space quite well, antitrust risk should be low. 10% NAV position deployed.

@gr8t4ver @MergerArb99 People talking $75-85 deal price. Spread will be 2% gross.

@MergerArb99 How much is priced in? Known rumor for awhile, what's the upside at this point? Might be a sell the rumor situation $swtx

#525 BUY $SWTX @ $53.9. Initiated 2% NAV position in this promising pre event situation. If announced expect this to trade very tight!

@MergerArb99 Wowzer

#530 added another 1% NAV in $SWTX @ $60.31. And that’s it for now.

@MergerArb99 Wow

#528 looks like $SWTX conference call got cancelled. Loading up some more now in pre-market

@SusUser1 @MergerArb99 I think its a bit different because this was during private negos, not yet reco’d deal?

@MergerArb99 EMR bumped their best and final on NATI 2 years ago

#526 SELL (Short) $AZPN @ $267.8….15% NAV position. That was easy intra-day money! Elliott is staying put..Emerson is best and final….not same thing as U.K. best and final but these guys not bumping to make Elliott money that’s for sure!

@MergerArb99 That was close..

#524 $LTG LN vote done!

#522 BUY $LTG LN @ 90p. 5% NAV position. U.K. Scheme that trades very wide due to SH Vote risk which I think its unwarranted. I think either one or both of the shareholders complaining about the price will fold or attendance will be high enough where their votes don’t matter