Replies to post #74 on Plus Products Inc. (fka PLPRF)

[JohnCM]

Typically used in regards to a merger, but lightly used to mean you own shares of a company hoping the company will be bought out.

Merger Arbitrage - Q3 2020 Ends With A Big Bang
Oct. 9, 2020
Merger activity increased significantly last week with ten new deals announced.

The merger of WPX Energy (WPX) and Devon Energy Corporation (DVN).

Morgan Stanley (MS) completes the acquisition of E*TRADE Financial Corporation (ETFC).

The third quarter of 2020 ended with a big bang with 5 new deals announced worth $10.5 billion. Merger activity increased significantly last week with ten new deals announced and nine active deals completed. We were tracking four of the new deals announced as potential deals in the works.

We also saw a significant amount of active deals being completed last week including the acquisition of E*TRADE Financial (NASDAQ:ETFC) by Morgan Stanley (NYSE:MS) and the acquisition of Principia Biopharma (NASDAQ:PRNB) by Sanofi (NASDAQ:SNY).