This is shaping up as the year of the reverse-merger or spin-merger.
Recently announced deals:
** FOX/DIS
** LQ/CPLG
** DPS/GMCR
** XRX/Fuji-XRX JV
** TRI CN/F&R carveout
** And possibly VMW/Dell Parent and GGP/Brookfield UpReit NewCo in the pipeline, as we have discussed.
Overall this is good news. Lots of stubs and temporary HoldCos created, tough to understand and value. It will be an interesting year… With plenty of trading opportunities for both RV traders and risk arbitrageurs.