January 05, 2026 | All | All | Active

Global Risk Arbitrage Report / Monthly Update: January 2026

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What’s inside: This 64-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 January 2026 issue are listed below.

Coverage Universe

• Air Lease (AL US) / Sumitomo Corp-led Consortium (private)
• Avidity Biosciences (RNA US) / Novartis (NOVN SW)
• Axalta Coating Systems (AXTA US) / Akzo Nobel (AKZA NA)
• Cadence Bank (CADE US) / Huntington Bancshares (HBAN US)
• Ceconomy (CEC GR) / JD.com (9618 HK)
• Chart Industries (GTLS US) / Baker Hughes (BKR US)
• Clearwater Analytics (CWAN US) / Permira, Warburg Pincus-led Consortium (private)
• Cofinimmo (COFB BB) / Aedifica (AED BB)
• Comerica (CMA US) / Fifth Third Bancorp (FITB US)
• Confluent (CFLT US) / IBM (IBM US)
• 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)
• Exact Sciences (EXAS US) / Abbott Laboratories (ABT US)
• Frontier Communications Parent (FYBR US) / Verizon Communications (VZ US)
• Hang Seng Bank (11 HK) / HSBC (HSBC LN)
• Hologic (HOLX US) / Blackstone, TPG (private)
• Iveco Group (IVG IM) / Tata Motors (TTMT IN)
• Janus Henderson Group (JHG US) / Trian, General Catalyst-led Consortium (private)
• JDE Peet’s (JDEP NA) / Keurig Dr Pepper (KDP US)
• Kenvue (KVUE US) / Kimberly-Clark (KMB US)
• Merus (MRUS US) / Genmab (GMAB DC)
• Norfolk Southern (NSC US) / Union Pacific (UNP US)
• Qorvo (QRVO US) / Skyworks Solutions (SWKS US)
• Teck Resources (TECK/B CN) / Anglo American (AAL LN)
• Toyota Industries (6201 JP) / Toyota Fudosan (private)
• TXNM Energy (TXNM US) / Blackstone (BX US)
• Warner Bros. Discovery (WBD US) / Paramount Skydance (PKSY US)

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