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Three Essentials from CTFN this Week

DISCK/DISCA
Buying shares of DISCK and shorting an equivalent dollar amount of DISCA could be attractive to relative value investors as a low-risk trade given current levels and the expectation that management is likely to be back in the market repurchasing DISCK shares as early as the first or second quarter of next year.

AVA/H:CN
Whipsawed by political developments in Ontario, embattled Hydro One Ltd. is pondering its next move and whether the Toronto-based energy company can salvage its $5.3 billion plan to acquire Spokane-based utility Avista Corporation after Washington state regulators went against a commission staff recommendation and rejected the transaction.

NXTM/FMS
An attorney who does work for Fresenius but is not involved in the pending deal said “soft requests” regarding the NxStage/Fresenius consent have been sent to third parties in response to additional questions from commissioners.

Top stories on CTFN this week: DISCK, FPM:LN, NXTM.

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Bringing the marketplace leading coverage of major corporate developments, CTFN’s investigative reporters pursue news that matters to event-driven investors and deal professionals. Learn more at ctfn.news.

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Stephen Velgot

Stephen Velgot

Stephen Velgot has more than twenty years experience as a research analyst. He most recently started an event driven research product at Renaissance Macro Research after covering risk arbitrage at ICAP and event driven situations at Susquehanna and Cathay Financial. Stephen has an MBA in Finance from New York University and a BS in Operations Research from Cornell University.

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