NEW YORK: Merger-arbitrage investors are eager to turn the page on 2024, as they bet that the incoming administration of president-elect Donald Trump will revive the battered strategy after a year filled with deal delays and busts.
With Federal Trade Commission (FTC) chief Lina Khan pursuing an aggressive trustbusting agenda, investors absorbed a series of major setbacks this year on transactions, including Tapestry Inc’s handbag deal with Capri Holdings Ltd and Kroger Co’s takeover of Albertsons Cos.
