This merger-arbitrage fund has little correlation to the broader equity and fixed-income markets and has a very low expense ratio.
Planned consolidation should contribute to better pricing power in this shrinking industry, but one name stands out among the rest.
With the uptick in merger and acquisition activity, whether it be for tax-inversion or strategic reasons, investors should focus on the target company, which can benefit from the deal immediately.
Morningstar's Gaston Ceron addresses the short- and long-term prospects for and opportunities in ICE's takeover of NYSE Euronext.
Acquisitions are helping the exchange operator tap other revenue sources.
We believe its acquisition strategy puts the PBM on the right course.
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