Product details

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Originally published in: 2023
Version: 21-Dec-2022

Abstract

Maurice Lucas-Lorenzo, a recent Master of Science graduate from EDHEC Business School, has recently joined Winston Arb Advisory, a small advisory boutique specialized in merger arbitrage. Although Lucas-Lorenzo had a good mastery of the quantitative aspects of the job, he still did not fully understand how spreads behave and how various market events could affect spreads. Edmund Stearson had recruited Lucas-Lorenzo and had been closely supervising his training. Stearson was keen to help his recruit move to the next level of his training and become more autonomous in his work. To do so, Stearson designed a training module to help recruits i) review the theoretical and practical principles that define merger arbitrage, and ii) perform the analysis of a relatively safe and straightforward deal.

Teaching and learning

This item is suitable for postgraduate courses.

Time period

The events covered by this case took place in 2014 - 2022.

Geographical setting

Region:
Americas
Countries:
United States; Monaco
Location:
Monaco

About

Abstract

Maurice Lucas-Lorenzo, a recent Master of Science graduate from EDHEC Business School, has recently joined Winston Arb Advisory, a small advisory boutique specialized in merger arbitrage. Although Lucas-Lorenzo had a good mastery of the quantitative aspects of the job, he still did not fully understand how spreads behave and how various market events could affect spreads. Edmund Stearson had recruited Lucas-Lorenzo and had been closely supervising his training. Stearson was keen to help his recruit move to the next level of his training and become more autonomous in his work. To do so, Stearson designed a training module to help recruits i) review the theoretical and practical principles that define merger arbitrage, and ii) perform the analysis of a relatively safe and straightforward deal.

Teaching and learning

This item is suitable for postgraduate courses.

Settings

Time period

The events covered by this case took place in 2014 - 2022.

Geographical setting

Region:
Americas
Countries:
United States; Monaco
Location:
Monaco

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