Do You Invest in Special Situations?
I focus on event-driven trades and low risk arbitrage opportunities with short term catalysts
Merger Arb with a Highly Motivated Strategic Buyer
Short timeline, wide spread.
Spread Widened to 50% with No News
A signed merger with nearly every condition met now trades as if completion is close to a coin flip.
Odd-Lot Arbitrage With $800 Upside: Entry Timing Is Key
Plenty of successful historical precedents and a one-month timeline.
The First Bid Is Rarely the Last
A highly asymmetric setup: meaningful upside if the buyer returns, limited downside if it doesn’t.
Quick Pitch: Harte Hanks (HHS)
Merger arbitrage: 17% spread (at $4.20)
A Take-Private Spread That Doubled on No News
The spread is wide, and this could be a pretty timely setup.
Yet Another Odd-Lot Tender Offer
Easy spread, with minimal cancellation or amendment risk.
Quick Pitch: Air Canada (AC:TO)
Tender offer (Odd-Lot): C$170+ upside (at C$27.29/share)
Guest Pitch: LivePerson (LPSN)
Merger arbitrage: 18% upside (at $2.82/share)
Buying the Buyer, Not the Target
The parent will trade at a ridiculously low valuation once it takes its cash cow subsidiary private at a steal of a price.
thanks dt
Tom on Oct 2, 2026