November 09, 2026 | Technology | North America | Active
Lumentum Holdings / Marvell Technology : Deal Insight
On 2-Nov-26, US semiconductor group Marvell Technology agreed to acquire optical components manufacturer Lumentum Holdings in an all-stock transaction valued at approximately $49bn. Our Deal Insight focuses on the key risks to completion, particularly China's antitrust review, potential regulatory remedies, shareholder opposition and the implications of the transaction's all-stock structure. We examine how these risks could affect the likelihood of completion, the regulatory timetable and the prospects for the deal closing on its original terms. Drawing on our proprietary M&A databases, relevant merger precedents and financial analysis, we assess potential completion and downside scenarios, their implications for risk-arbitrage spreads and the key developments investors should monitor. Published 9-Nov-26. Available to subscribers and qualified institutional investors upon request.
November 02, 2026 | Technology | North America | Active
Braze / Salesforce : Deal Insight
On 20-Oct-26, Salesforce agreed to acquire customer engagement platform Braze in a $5.7bn cash transaction. Our Deal Insight focuses on the risks arising from the combination of two established customer engagement and marketing technology businesses, including US antitrust scrutiny, competitive overlaps and the potential significance of internal transaction documents. We examine whether the regulatory process could extend beyond the expected timetable and how the merger agreement allocates the risk of remedies and delay. Drawing on relevant merger precedents and our analysis of market competition, the report assesses regulatory, contractual and shareholder-related execution risks and their implications for risk-arbitrage investors. Published 2-Nov-26. Available to subscribers and qualified institutional investors upon request.
November 01, 2026 | All | All | Active
Global Risk Arbitrage Report / Monthly Update : November 2026
Published at the beginning of each month, our Global Risk Arbitrage Monthly Update provides a comprehensive review of all live M&A transactions under coverage, with our latest views on deal completion risks, regulatory developments, shareholder dynamics and expected closing timetables. The November 2026 edition spans 56 pages and covers 24 transactions across global markets. Our analysis focuses on material developments since the previous update, forthcoming regulatory decisions and shareholder votes, potential delays, changes in risk-arbitrage spreads and the key catalysts investors should monitor. Drawing on our proprietary M&A databases, transaction precedents and financial models, we reassess completion prospects, downside risks and trading considerations as individual deals progress towards closing.
October 29, 2026 | Health Care | Europe | Active
On 21-Oct-26, Private equity firm EQT agreed to acquire molecular testing company Qiagen in a €9.6bn equity transaction. Our Deal Insight focuses on the risk that Qiagen’s operating performance and the merger agreement’s market-related provisions could complicate completion. We also examine shareholder acceptance, the German takeover process and the prospects for a competing proposal, alongside the regulatory clearances and timetable needed to complete the acquisition. Using takeover precedents, contractual analysis and valuation work, we assess the principal execution risks and the potential implications for the deal spread and downside scenarios. Published 29-Oct-26. Available to subscribers and qualified institutional investors upon request.
October 26, 2026 | Industrials | Australia | Active
Cleanaway Waste Management / EQT : Deal Insight
On 19-Oct-26, EQT agreed to acquire Australian waste management group Cleanaway in a scheme transaction valued at approximately AUD 9.3bn including debt. Our Deal Insight examines the principal competition and execution risks, particularly the relationship between Cleanaway and EQT-owned waste management software provider AMCS. We consider whether Australian regulatory review, foreign investment conditions and limitations on potential remedies could affect the timetable or terms of completion. The report also examines shareholder and court approvals under the Australian scheme process. Our analysis combines merger agreement provisions, regulatory precedents and shareholder considerations to assess possible delays, deal failure risks and the implications for risk-arbitrage investors. Published 26-Oct-26. Available to subscribers and qualified institutional investors upon request.
October 13, 2026 | Industrials | North America | Active
RXO / C.H. Robinson Worldwide : Deal Insight
On 5-Oct-26, C.H. Robinson agreed to acquire US freight brokerage company RXO in a cash-and-stock transaction. Our Deal Insight focuses on whether competition authorities could adopt narrow market definitions in freight brokerage, potentially leading to more extensive review than investors expect. We also examine litigation-related risks, shareholder support and the election and proration mechanics that may affect trading outcomes for target investors. Drawing on relevant transaction precedents and the merger agreement, the report evaluates how regulatory uncertainty, financing and contractual conditions could influence completion, the timetable and risk-arbitrage returns. Published 13-Oct-26. Available to subscribers and qualified institutional investors upon request.
October 08, 2026 | Technology | North America | Active
PTC / Schneider Electric : Deal Insight
On 5-Oct-26, Schneider Electric agreed to acquire US engineering software provider PTC in a cash transaction valued at approximately $22.6bn. Our Deal Insight focuses on the transaction’s foreign investment and national security risks, particularly CFIUS scrutiny of sensitive data, US defence customers and mitigation measures. We also examine whether the merger agreement’s remedy limitations, financing structure or market developments could affect the parties’ incentives to complete the acquisition. The report uses CFIUS and antitrust precedents, contract analysis and trading considerations to examine the potential consequences for regulatory timing, shareholder approval and deal completion. Published 8-Oct-26. Available to subscribers and qualified institutional investors upon request.
October 01, 2026 | All | All | Active
Global Risk Arbitrage Report / Monthly Update : October 2026
Published at the beginning of each month, our Global Risk Arbitrage Monthly Update provides a comprehensive review of all live M&A transactions under coverage, with our latest views on deal completion risks, regulatory developments, shareholder dynamics and expected closing timetables. The October 2026 edition spans 58 pages and covers 26 transactions across global markets. Our analysis focuses on material developments since the previous update, forthcoming regulatory decisions and shareholder votes, potential delays, changes in risk-arbitrage spreads and the key catalysts investors should monitor. Drawing on our proprietary M&A databases, transaction precedents and financial models, we reassess completion prospects, downside risks and trading considerations as individual deals progress towards closing.
September 01, 2026 | All | All | Active
Global Risk Arbitrage Report / Monthly Update : September 2026
Published at the beginning of each month, our Global Risk Arbitrage Monthly Update provides a comprehensive review of all live M&A transactions under coverage, with our latest views on deal completion risks, regulatory developments, shareholder dynamics and expected closing timetables. The September 2026 edition spans 63 pages and covers 30 transactions across global markets. Our analysis focuses on material developments since the previous update, forthcoming regulatory decisions and shareholder votes, potential delays, changes in risk-arbitrage spreads and the key catalysts investors should monitor. Drawing on our proprietary M&A databases, transaction precedents and financial models, we reassess completion prospects, downside risks and trading considerations as individual deals progress towards closing.
August 26, 2026 | Industrials | Europe | Active
easyJet / Apollo Global Management : Deal Insight
On 6-Aug-26, Apollo Global Management reached an agreement to acquire UK airline easyJet following competing approaches for the business. Our Deal Insight focuses on the regulatory and execution risks unique to airline ownership, particularly EU ownership and effective control requirements following a takeover by a US financial sponsor. We examine the proposed governance arrangements, the applicable aviation rules, the scope of Apollo’s obligations to secure approvals and the potential effects of delay. The report also considers relevant aviation precedents, shareholder approval and downside exposure should the transaction fail, drawing on takeover documents and our historical deal analysis. Published 26-Aug-26. Available to subscribers and qualified institutional investors upon request.