How crazy is this: DSV goes hostile on Expeditors or CH Robinson?
Flying low, way too low…
SEEKING ALPHA reports:
Some merger-arbitrage investors are shifting their strategies away from long positions and either reducing holdings in target companies or shorting them as the coronavirus raises the risk that deals will either be repriced lower or fall apart.
The probability of deals failing to close jumped to 33% in mid-March from 4% in January, according to Northstar Risk, which provides software to hedge funds; since then the probability has receded to a still-high 20%.
They’re not abandoning long positions in merger arbitrage bets but are looking at or increasing short positions, according to Andy Baker, who runs special-situations trading at Barclays.
To read the full story, please click here (sub may be required).
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article