Financial Times: Felix Lo on Opportunities in Complex M&A Transactions

The article explores how transactions facing antitrust, national security and political scrutiny have created wider spreads than more straightforward deals, resulting in what some market participants describe as a “complexity premium”.

As larger and more complex transactions make up a greater share of M&A activity, the article considers the role of specialist merger arbitrage managers in assessing deal outcomes and navigating increasingly varied regulatory processes across jurisdictions.

The piece also highlights the continued growth in global M&A activity and examines how evolving regulatory frameworks are influencing investment opportunities within the event-driven space.