October 01, 2025 | All | All | Active

Global Risk Arbitrage Report / Monthly Update: October 2025

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What’s inside: This 68-page report covers latest deal developments, key catalysts, regulatory risks, risk arbitrage spread context, and our independent views across every live situation in our coverage universe. All situations covered in the October 2025 issue are listed below.

Coverage Universe

• Air Lease (AL US) / Sumitomo Corp-led consortium (private)
• Akero Therapeutics (AKRO US) / Novo Nordisk (NOVOB DC)
• Avidity Biosciences (RNA US) / Novartis (NOVN SW)
• Baloise Holding (BALN SW) / Helvetia Holding (HELN SW)
• Cadence Bank (CADE US) / Huntington Bancshares (HBAN US)
• Ceconomy (CEC GR) / JD.com (9618 HK)
• Chart Industries (GTLS US) / Baker Hughes (BKR US)
• Cofinimmo (COFB BB) / Aedifica (AED BB)
• Comerica (CMA US) / Fifth Third Bancorp (FITB US)
• Covestro (1CO GR) / Abu Dhabi National Oil Company (private)
• CyberArk Software (CYBR US) / Palo Alto Networks (PANW US)
• Dayforce (DAY US) / Thoma Bravo (private)
• Dongfeng Motor Group Company (489 HK) / Dongfeng Motor Corp (private)
• Electronic Arts (EA US) / PIF-led consortium (private)
• Frontier Communications Parent (FYBR US) / Verizon Communications (VZ US)
• Grupo Catalana Occidente (GCO SM) / INOC (private)
• Hang Seng Bank (11 HK) / HSBC (HSBC LN)
• Hologic (HOLX US) / Blackstone, TPG (private)
• Informatica (INFA US) / Salesforce (CRM US)
• Interpublic Group (IPG US) / Omnicom Group (OMC US)
• Iveco Group (IVG IM) / Tata Motors (TTMT IN)
• JDE Peet’s (JDEP NA) / Keurig Dr Pepper (KDP US)
• Kellanova (K US) / Mars (private)
• Merus (MRUS US) / Genmab (GMAB DC)
• Metsera (MTSR US) / Pfizer (PFE US)
• Norfolk Southern (NSC US) / Union Pacific (UNP US)
• Qorvo (QRVO US) / Skyworks Solutions (SWKS US)
• Spectris (SXS LN) / KKR (KKR US)
• Synovus Financial (SNV US) / Pinnacle Financial Partners (PNFP US)
• Teck Resources (TECK/B CN) / Anglo American (AAL LN)
• Toyota Industries (6201 JP) / Toyota Fudosan (private)
• TXNM Energy (TXNM US) / Blackstone (BX US)

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