Deals . . . Deals . . . and More Deals

    "Give a man a fish and you feed him for a day. Teach him how to arbitrage and you feed him forever" - Warren Buffett

  How can an investor earn high rates of return with very low risk?

Deals . . . Deals . . . and More Deals unveils the mystery of arbitrage investing. Simply stated, risk arbitrage is investing in a merger or acquisition target and holding the stock until the deal closes. Regina Pitaro, a veteran of 20 years, brings us into the inner sanctum of Wall Street to reveal the secrets of merger and acquisition arbitrage.

The practice of merger arbitrage has arisen from the takeovers and consolidations that have transformed business for the past 100 years. Deals . . . Deals and More Deals examines the history of arbitrage, from the great consolidators of the late 19th Century to the recent U.S. megadeals.

Deals are back. Since 1994, the value of U.S. deals has increased five-fold. With over 10,000 transactions last year, this investment strategy shows every sign of becoming an even greater source of profits as we head into the 21st Century.

In this insightful book, you will:

  • Learn the basic research skills of an arbitrage analyst from a principal at one of Wall Street's most successful firms.

  • Participate in the analysis of some of the biggest deals of our time, assessing the risk and return characteristics of each transaction.

  • Visit the players, from the Chief Executive Officer of a targeted corporation, to the regulator in Washington who can make or break a deal.
The proven strategies in Deals . . . Deals . . . and More Deals will help you dramatically improve your portfolio's performance by capitalizing on the high returns available through little known arbitrage investing.

About the Author

Regina Pitaro is a Managing Director of Gabelli Asset Management Company. Prior to her 15 year career at Gabelli, she worked for Lehman Brothers in New York. Ms. Pitaro holds an MBA in Finance from Columbia Business School and an MA in Anthropology from Loyola University of Chicago.