My Top Merger-Arb Pick: Celgene [Seeking Alpha]
SPARK THERAPEUTICS INC (ONCE)
Last spark therapeutics inc earnings: 11/7 04:35 pm
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US:NASDAQ Investor Relations:
ir.sparktx.com/investor-overview
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Source: Seeking Alpha
My Top Merger-Arb Pick: Celgene Recently for those that trade M&A stocks it has been a case of arbageddon. So many current deals have hit potholes in one way or another. Spark Therapeutics ( ONCE GNW PACB MLNX FNSR VSM QTNA Celgene merger However, there are less risky ways to participate in M&A. One name to consider is Celgene ( CELG BMY The Vote And on April 12 they did Merger Terms To refresh, in the first week of the year, BMY agreed to buy Celgene for $74 million in a cash and stock deal. The terms call for Celgene holders to receive $50 per share in cash plus one BMY common share. The mix is approximately 50-50 and there is no election. To put on the arbitrage one must buy Celgene and short an equal number of shares of Bristol. The CVR In addition there is a CVR. The CVR will be tradeable and worth $9 upon FDA approval of three drugs. If one of the drugs doesn't receive approval the CVR will be worthless. The needed timeline for the drugs to be approved is as follows: Celgene
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