CEG and ROH continue to trade at steep discounts to their acquisition price.

We know that this could be a controversial screen with some of our readers but we still think that it is an interesting way to get some additional names for your short-list to analyze in more detail… at the end of the day, it’s all about trying to find new ideas!

The year-to-date return for this portfolio based on the research at Fat Pitch Financials Contributor's Corner is an impressive 16.04%. The annualized rate of return is 24.98% since inception. This update discusses how opportunities in merger arbitrage are opening up now that hedge funds are deleveraging.

One of the four techniques implemented by Benjamin Graham was merger arbitrage. There’s been some good evidence that this strategy has worked for several decades for some value investors such as Graham and Buffett, producing double digit returns.

I've recently moved into merger arbitrage opportunities and I've run into a question. When is it best to sell early before receiving the buyout price? I recently missed selling CEG by 4 cents and it led me to wonder if there is a rational means of setting the optimal sellout price for a merger arbitrage play.

Whitney Tilson discusses how it is a great time for value investors. He discusses his short position in Apple and Berkshire Hathaway's position in Constellation Energy Group. He also explains why he thinks Target and Barnes & Noble are a buy.

A review of how I was able to make an 18% return in just four days on Constellation Energy Group. It was a rare occasion where value investing almost felt like day trading.

This portfolio focused on arbitrage and special situations was up 10.5% in September and is up over 20% so far this year. Read how the portfolio is adapting to the changing investment climate by temporarily focusing on merger arbitrage opportunities.

A look back at the wild ride that Constellation Energy Group provided yesterday as fear, uncertainty, and rumors created a profitable merger arbitrage opportunity.

Traders remain nervous today despite approval from Congress on the final draft of Hank Paulson’s bank rescue bill. European stocks are heading towards three-week lows. US futures are down. Floyd Brown at Investment U says this is distracting from the long-term picture, and some great bargains.

Buyers of distressed assets find much to like about this market. This article looks at what Bruce Berkowitz, David Winters, Matthew McLennan of First Eagle Global Fund, Marty Whitman, and Shawn Tumulty of the Mutual Discovery Fund are looking for in this distressed market.

A subsidiary of Warren Buffett's Berkshire Hathaway just announced a tentative agreement to buy Constellation Energy for roughly $4.7 billion in cash.