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Mergers & acquisitions ref.corp.actions.ma

Deal announcements, terms and completions, with announcement and effective dates separated.

PIT · Core tier · 1996-01 → today · — rows

Coming soon — not served by the API yet.

Methodology

Announcement and completion are separate events with separate dates, and both are kept: a deal that was announced and later withdrawn is real information and removing it would flatter any strategy that traded the spread. Pending deals carry a null completion date and are visible as of their announcement, which is the only way to study merger arbitrage without reading tomorrow's newspaper. Terms are stored as their legs — cash per share, exchange ratio — rather than a single implied value that would lose which half of the consideration moved.

Schema

ColumnTypeRole
as_of_tstimestampknowledge time · UTC
effective_tsdatePIT key · completion date
acquirer_cikint64SEC filer id
target_cikint64SEC filer id
deal_typestringmerger · tender · asset sale
considerationstringcash · stock · mixed
cash_per_sharefloat64cash leg
exchange_ratiofloat64acquirer shares per target share
announcement_tstimestampfirst public notice
completion_tsdatenull while pending
statusstringannounced · completed · withdrawn

Use cases

  • Reconstruct merger-arbitrage spreads as they were observable.
  • Handle a target's final price when its ticker disappears.
  • Detect index-removal events ahead of a rebalance.

Background

Related packages

See pricing · all packages