The merger arb whilst not a massive return i think worked out pretty well on a risk adjusted basis especially if you annualise it. I would welcome more opportunities like this one.

Just a quick glance at the merger arb opportunity with PTB.

Takeover @ $1.595

Current price $1.57

Difference = $0.025

PLUS

Dividend of $0.03

Add Franking credits = $0.043

Profit per share of $0.058

= roughly 3.7% return

Scheme implementation date Dec 2

~3 months away

= 14.8% annualised