arbs

Some so-called arbs have told Nasdaq and ICE they would likely need to raise their bid so that it offered a 20% to 25% premium to the Deutsche Börse deal, people familiar with the matter said.

Nasdaq Takes Bid to Investors Jacob Bunge 2011

Estimates are that the proportion of "arbs," as the deal-driven investors are called, is down at Airgas, company executives said, but is still high enough to swing enough shares to Air Products in a tender for Air Products to gain a controlling stake.

Feb. 8 Ruling Is Possible in Airgas 'Poison Pill' Case Peg Brickley 2011

Many names are less-liquid and trading activity definitely impacts the price due their small cap and prodigious front-running by market-makers and micro-structure "arbs".

Cassandra Does Tokyo 2009

The arbs began piling into Airgas stock after Air Products made its initial offer public last February, and their collective ownership was recently 41% of the stock, Airgas Chief Executive Peter McCausland testified Tuesday.

Airgas Poison-Pill Case Nears a Close Peg Brickley 2011

Especially worried are the arbs and hedge funds who bought in the high $50s and low $60s in hopes of securing a deal; they seem to be content to accept $70 a share.

Feb. 8 Ruling Is Possible in Airgas 'Poison Pill' Case Peg Brickley 2011

The market got the message, the arbs milked the skepticism, and by Tuesday our stock was trading at $8.

The Rise and Fall of Bear Stearns Alan C. Greenberg 2010

The market got the message, the arbs milked the skepticism, and by Tuesday our stock was trading at $8.

The Rise and Fall of Bear Stearns Alan C. Greenberg 2010

The biggest risk is execution: Merger arbs who bet the wrong way lose money.

Should You Invest in 'The Poor Man's Hedge Fund'? 2009

But if the economy continues to expand, corporate executives will turn more confident, resulting in still more deals for the arbs to exploit.

Hedge Funds' Low-Arb Diet Is at an End 2009

Last year, there were fewer mergers and some arbs were burned betting on situations where there was no definitive agreement, such as Yahoo, which received a generous bid from Microsoft, but no deal occurred.

Hedge Funds' Low-Arb Diet Is at an End 2009