iRobot Shows Just How Risky Investing in Mergers and Acquisitions Can Really Be [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: Yahoo! Finance
On the surface, merger arbitrage seems like it would be easy, but iRobot (NASDAQ: IRBT) and Spirit Airlines (NYSE: SAVE) show it can be harder than it seems. Here's why you need to be careful buying into mergers and acquisitions, noting that United States Steel (NYSE: X) looks like it could be the next pain point for investors. There's no such thing as a free lunch The logic behind merger arbitrage is pretty simple. When one company agrees to buy another company, it usually has to pay a premium for that company's shares. Once the potential for a deal is leaked to Wall Street, the price of the company being acquired normally jumps higher. When a deal is actually announced, the price of the company to be acquired tends to rise right up to, but not actually all the way to, the offer price. So, there's often a small discount between the market price of a company being bought out and the buyout price. That discount is normally just a percentage point or two, nothing to write home a
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News
- Spirit Airlines flight video shows unidentified liquid flowing down aisle [FOX Business Network]FOX Business Network
- Shocked passengers watch liquid leak down airplane aisle from bathroom on flight: Video [USA TODAY]USA TODAY
- Spirit Airlines Optimizes Baggage Operations and Reduces Costs with TA Ramp [Yahoo! Finance]Yahoo! Finance
- The Best U.S. Airlines In 2024—According To A New Report [Forbes]Forbes
- Spirit Airlines: The Spirit Is Gone, Time To Sell [Seeking Alpha]Seeking Alpha
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Earnings
- 2/8/24 - Beat
SAVE
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- SAVE's page on the SEC website