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event-driven investing

Merger Arbitrage Explained: Deal Spreads and Risk

June 16, 2026 by Bruno

Merger arb is the spread between a target’s price and the deal price. Here is the math, the risk, and a worked example on the Paramount-WBD deal.

Categories Market Education Tags deal spread, event-driven investing, investing basics, M&A strategy, merger arbitrage, risk arbitrage Leave a comment

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