17 articles in this subtopic.
Splits change share count, cost basis, and option contract terms but never company value; reverse splits usually flag distress, not opportunity.
Target shareholders capture an average 36% premium while acquirers often lose; deal structure, proxy review, and the 11% failure rate shape your outcome.
Under T+1 settlement the ex-date now equals the record date, and the 61-day holding rule decides whether dividends are taxed at 15% or up to 37%.
Common shareholders recovered just 0.97% from 2005-2016 bankruptcies; capital-structure math and early distress signals beat turnaround hopes.
The classic S&P 500 inclusion pop has been arbitraged away for graduated additions, but outside additions and forced deletions still distort prices.
Merger arb earns about 2% on closed deals and loses 2.8% on breaks; with spreads 400 bps tighter since 2002, the edge is pricing deal-specific break risk.
Earnings announcements widen spreads, spike volume 3-5x, and crush implied volatility, so liquidity is worst exactly when information impact peaks.
Special dividends like Costco's $15 payout adjust option strikes, alter taxes, and drop the stock by roughly the payout amount on the ex-date.
Splits change per-share basis, spin-offs demand cost allocation, cash mergers trigger gains, and reinvested dividends invite double taxation if untracked.
Rights issues force a choice: exercise, sell the rights, or accept dilution as the stock resets to TERP; letting rights expire simply forfeits their value.
Splits, special dividends, spin-offs, and mergers rewrite option contract terms while ordinary dividends never do; OCC memos tell you exactly what you own.
Plain-language definitions of key corporate action terms, from ex-dividend dates and poison pills to break fees, geared to investment decisions.
Schedule 13D filings arrive within 5 business days of crossing 5% ownership; Item 4 language and the filer's record signal whether a campaign will work.
Corporate events follow published calendars, from dividend dates to SEC deadlines; a systematic event calendar turns surprises into planned trades.
Buyback authorizations are intentions, not commitments; accelerated repurchases and tender offers carry the real conviction signal, verified by execution.
Insider buys carry signal while sales are mostly noise; filtering Form 4s for open-market purchases, size, and cluster activity isolates real conviction.
Proxy votes decide boards, executive pay, and merger premiums averaging 36 percent; record dates and DEF 14A reading turn ownership into real influence.
