A cross-border merger boom is boosting ETFs holding Catamaran (CTRX), Dresser-Rand (DRC) and other pharma and energy companies that are hot takeover targets. Merger-arbitrage exchange traded funds profit from the difference between a stock's price when a deal is announced and its final purchase price. Typically, that's an upward move. Cross-border mergers and acquisitions have totaled roughly $594 billion in 2015, up 29% from a year ago, IBD
Wednesday 27 May 2015
Invest In These ETFs To Tap Into Cross-Border Merger Boom
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
A cross-border merger boom is boosting ETFs holding Catamaran (CTRX), Dresser-Rand (DRC) and other pharma and energy companies that are hot takeover targets. Merger-arbitrage exchange traded funds profit from the difference between a stock's price when a deal is announced and its final purchase price. Typically, that's an upward move. Cross-border mergers and acquisitions have totaled roughly $594 billion in 2015, up 29% from a year ago, IBD
A cross-border merger boom is boosting ETFs holding Catamaran (CTRX), Dresser-Rand (DRC) and other pharma and energy companies that are hot takeover targets. Merger-arbitrage exchange traded funds profit from the difference between a stock's price when a deal is announced and its final purchase price. Typically, that's an upward move. Cross-border mergers and acquisitions have totaled roughly $594 billion in 2015, up 29% from a year ago, IBD
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