(HedgeCo.Net) In the world of event-driven hedge fund investing, few strategies are as high-conviction—or as high-risk—as merger arbitrage. For Dan Loeb and Third Point, the now-collapsed merger between Indra Sistemas and EM&E Group was more than just another deal. It was a cornerstone of the firm’s expanding European strategy.
Now, with the transaction unraveled, the implications are reverberating far beyond a single position. The failed merger has triggered a sharp repricing in related...
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