Merger Arbitrage Data

Live M&A Deal Metrics, Powered by CTFN.

Live M&A Deal Metrics, Powered by CTFN.

Live M&A Deal Metrics, Powered by CTFN.

Spitzer Data is CTFN’s proprietary platform for tracking merger arbitrage deals in real time — delivering break prices, odds of close, spreads, and closing timelines for every active deal.

Spitzer Data is CTFN’s proprietary platform for tracking merger arbitrage deals in real time — delivering break prices, odds of close, spreads, and closing timelines for every active deal.

Spitzer Data is CTFN’s proprietary platform for tracking merger arbitrage deals in real time — delivering break prices, odds of close, spreads, and closing timelines for every active deal.

Target

Acquirer

Premium

Spread

Odds of Close

Close Date

Warner Bros Discovery

Paramount Skydance

+147%

10.2%

86%

Q2 2027

Norfolk Southern

Union Pacific

+25%

12.1%

44%

Q4 2027

Kenvue

Kimberly-Clark

+47.54%

3.3%

70%

Q4 2026

TXNM Enery

Blackstone

+28%

10.4%

58%

Q2 2027

Roku

Fox

+34%

1.5%

93%

Q1 2027

SPITZER DATA PLATFORM

Proprietary Data Infrastructure for Merger Arbitrage

Proprietary Data Infrastructure for Merger Arbitrage

Every tool you need to track, analyze, and act on live merger arbitrage data — all in one platform powered by journalists and analysts who move markets.

Every tool you need to track, analyze, and act on live merger arbitrage data — all in one platform powered by journalists and analysts who move markets.

Live Metrics

Real-time break prices, odds of close, and annualized spreads for every active merger arbitrage deal — updated continuously as the market moves.

M&A Database

Searchable deal history and precedent transaction comps spanning North America and Europe — filter by sector, deal size, regulatory jurisdiction, outcome...and more.

Pre-Event & PUSU Monitors

Track early-stage situations and potential target monitoring before a deal is announced — giving arb desks and event-driven funds the earliest possible positioning window.

League Tables

Ranked performance data for advisors, banks, and law firms across M&A and merger arbitrage — benchmarked by deal volume, close rate, and sector coverage.

League Tables

Ranked performance data for advisors, banks, and law firms across M&A and merger arbitrage — benchmarked by deal volume, close rate, and sector coverage.

API Connectivity

Programmatic access to CTFN's full Spitzer Data feed for institutional systems integration — compatible with major order management and risk platforms.

LIVE DASHBOARD

Every Deal. Every Metric. In Real Time.

Every Deal. Every Metric. In Real Time.

Spitzer Data surfaces the metrics that matter to merger arbitrage professionals — break prices, deal spreads, closing probabilities, and timelines — all on a single live dashboard.

Spitzer Data surfaces the metrics that matter to merger arbitrage professionals — break prices, deal spreads, closing probabilities, and timelines — all on a single live dashboard.

200+

Active deals tracked

$1T+

Deal value in database

Real-Time

Continuous metric updates

WHO IT\’S FOR

Built for Professionals Who Can’t Afford to be Second

Built for Professionals Who Can’t Afford to be Second

Spitzer Data is trusted by the market professionals who rely on accurate, timely information to execute — and who face real consequences when data is wrong or delayed.

Spitzer Data is trusted by the market professionals who rely on accurate, timely information to execute — and who face real consequences when data is wrong or delayed.

Hedge Fund Managers

Run arb books with precise deal-level metrics and proprietary close probability models

Merger Arb Traders

Monitor spreads, timing risk, and deal-break signals across active positions in real time

M&A Lawyers

Track deal comps, regulatory timelines, and antitrust precedents for transaction advisory

Investment Bankers

Benchmark league table standing and analyze historical deal outcomes across sectors and geographies

Experience market-leading intelligence

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