Social•Apr 7, 2026
MCE.AX Deal Offers 35%+ IRR, Low Closure
$MCE.AX gross spread 10% and prob 3mos or so to final close here...just gone exclusivity...STAM also buying up the arb...don't think there's an overbid here (but you never know) but this is prob a 35%+ IRR with (absent total end of world stuff) minimal closure risk from here imo...not bad. Have a pre-existing position so am just holding to close but an interesting risk arb nonetheless
By Jeremy Raper