Buy Risk Arbitrage Book by Guy Wyser-Pratte - Bookswagon
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Home > Business and Economics > Finance and accounting > Finance and the finance industry > Risk Arbitrage: (41 Wiley Investment Classics)
Risk Arbitrage: (41 Wiley Investment Classics)

Risk Arbitrage: (41 Wiley Investment Classics)


     0     
5
4
3
2
1



Out of Stock


Notify me when this book is in stock
X
About the Book

Originally published in 1982, Risk Arbitrage has become a classic on arbitrage strategies by the "dean of the arbitrage community." It provides an overview of risk arbitrage, how it has been used over the centuries and particularly in modern markets, with a focus on merger arbitrage. From average expected returns to turning a position, cash tender offers, exchange offers, recapitalizations, spinoffs, stub situations, limited risk arbitrage, and corporate freeze-ins, the book provides a step by step walk through of a world of arb strategies illuminated by real world examples and case studies.

Table of Contents:
Preface ix Chapter 1 Introduction 1 Derivation of Risk Arbitrage 1 The Arbitrage Community 4 A Changing Community from the 1970s to 2000 6 1970s 6 1980s 10 1990s 14 2000 17 Chapter 2 Merger Arbitrage 21 General 21 Gathering Information 22 Figuring of Parities 26 Determination of the Time Element 27 Return on Investment 29 The Risks 29 Average Expected Returns 33 Taking a Position 35 Turning a Position 37 Consummation 38 Tax Strategy 40 Treatment of New Convertible Securities 42 Antitrust Considerations 45 Summary 46 Chapter 3 Merger Arbitrage: Practical Applications 47 Mergers Prior to 1971 47 Generic Calculation of Co. B. Being Acquired by Co. A (Co. B/Co. A) 48 Scientific Data Systems/Xerox 50 Hartford Fire Insurance/I.T.&T. 52 Canada Dry/McCall’s/Hunt Foods 55 Eversharp/Warner Lambert Pharmaceutical 59 Alloys Unlimited/Plessey, Ltd. 66 Chubb Corp./First National City Corp. 70 Mergers from 1971 to the Present 73 New England Nuclear Corp. with Dupont DeNemours Inc. 73 Reliance Electric/Exxon 76 CIT Financial/RCA 78 Richardson-Merrell/Dow Chemical 81 Twentieth Century Fox Film Corp. 82 Use of Options in Merger Arbitrage 84 Utah International/General Electric (without options) 84 Utah International/General Electric(with options) 85 Chapter 4 Cash Tender Offers 89 Situations Prior to 1971 89 Cash Tender Wave of the Late 1970s and Early 1980s 95 Introduction 95 Babcock & Wilcox/McDermott/United Technologies—Merger Chronology (All information is from prospectus and joint proxy statement issued February 22, 1978) 96 Carborundum/Kennecott Eaton Offer of $47/Share 99 Rosario/Amax 100 Warner Swasey/Bendix/Dominion Bridge 102 Pullman/Wheelabrator Frye/McDermott 106 Liggett Meyers/Grand Metropolitan Hotels/ Standard Brands 108 Hobart/Canadian Pacific/Dart & Kraft 111 St. Joe Minerals/Seagrams/Fluor Corp. 112 Chapter 5 Other Risk Arbitrage Situations 117 Exchange Offers 117 Recapitalizations 120 Spinoffs 123 Stub Situations 125 Limited Risk Arbitrage 129 Chapter 6 Corporate ‘Freezeins’: The Subterfuge Syndrome 133 Introduction 133 Some Notable Examples 134 Conclusion 141 Chapter 7 Active Arbitrage 143 The Bache/Pru-Bache Years (1967–1991) 144 Great Western United Corporation 144 Gerber Products Company 145 The McGraw-Hill Corporation 146 The ERC Corporation of Kansas City, Missouri 147 Amax Incorporated 148 Houston Natural Gas 148 The Wyser-Pratte Years: Years of Increasing Activism (1991–Present) 149 A New Beginning 149 Evolution of the Wyser-Pratte Shareholder Rights By-Law 150 Transition 157 Chapter 8 Summary and Conclusions 159 Appendix A 163 Appendix B 181 Appendix C 185 Notes 273 Bibliography 279 Index 283

About the Author :
Guy P. Wyser-Pratte, MBA, is a leading activist hedge fund manager and considered by many to be the founding father of shareholder activism. Since 1991, he has run Wyser-Pratte & Co., which has racked up impressive returns of 25 percent annually. He is the recipient of the Alternative Investment News 2007 Lifetime Achievement Award and is a frequent speaker at investment conferences.


Best Sellers


Product Details
  • ISBN-13: 9780470442913
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Language: English
  • Series Title: 41 Wiley Investment Classics
  • ISBN-10: 0470442913
  • Publisher Date: 20 Jan 2009
  • Binding: Digital (delivered electronically)
  • No of Pages: 304


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
Risk Arbitrage: (41 Wiley Investment Classics)
John Wiley & Sons Inc -
Risk Arbitrage: (41 Wiley Investment Classics)
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

Risk Arbitrage: (41 Wiley Investment Classics)

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept

    Fresh on the Shelf


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!