Looking for suggestions on books to read about merger/acquisition arbitrage. USAI/EXPE/ROOM/TREE are mostly trading in tandem, but not always - I'm interested in knowing how to exploit the divergences.
There are some. Go to borders and ask for books with merger in the title. I have seen at least three. But M/A is not hard. Figure out the deal of the per share exchange [easily found.] Understand the perils involved and keep up with the news. Put on spread and manage it. That's mostly it. At Bright they subscribe to some website about M/A that is written by lawyers that keep up with the deal as it progresses. I think it is about 5K/year...not sure if it is worth it... nitro