September 02, 2025 | All | All | Active

Global Risk Arbitrage Report / Monthly Update: September 2025

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What’s inside: This 70-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 September 2025 issue are listed below.

Coverage Universe

• Baloise Holding (BALN SW) / Helvetia Holding (HELN SW)
• Banco de Sabadell (SAB SM) / BBVA (BBVA SM)
• Brickworks (BKW AU) / Washington H. Soul Pattinson & Company (SOL AU)
• Ceconomy (CEC GR) / JD.com (9618 HK)
• Chart Industries (GTLS US) / Baker Hughes (BKR US)
• Cofinimmo (COFB BB) / Aedifica (AED BB)
• Core Scientific (CORZ US) / CoreWeave (CRWV 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)
• Deliveroo (ROO LN) / DoorDash (DASH US)
• Dongfeng Motor Group Company (489 HK) / Dongfeng Motor Corp (private)
• Frontier Communications Parent (FYBR US) / Verizon Communications (VZ US)
• Grupo Catalana Occidente (GCO SM) / INOC (private)
• Informatica (INFA US) / Salesforce (CRM US)
• Interpublic Group of Companies (IPG US) / Omnicom Group (OMC US)
• Iveco Group (IVG IM) / Tata Motors (TTMT IN)
• JDE Peet’s (JDEP NA) / Keurig Dr Pepper (KDP US)
• Just Eat Takeaway.com (TKWY NA) / Prosus (PRX NA)
• Kellanova (K US) / Mars (private)
• Mediobanca (MB IM) / Banca Monte dei Paschi di Siena (BMPS IM)
• Norfolk Southern (NSC US) / Union Pacific (UNP US)
• Parkland (PKI CN) / Sunoco (SUN US)
• Skechers USA (SKX US) / 3G Capital (private)
• Spectris (SXS LN) / KKR (KKR US)
• Synovus Financial (SNV US) / Pinnacle Financial Partners (PNFP US)
• Topcon (7732 JP) / KKR (KKR US), JIC Capital (private)
• Toyota Industries (6201 JP) / Toyota Fudosan (private)
• TXNM Energy (TXNM US) / Blackstone (BX US)
• Verona Pharma (VRNA US) / Merck & Co. (MRK US)
• WK Kellogg (KLG US) / The Ferrero Group (private)

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How to Access this Report

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