RT Journal Article SR Electronic T1 Merger Arbitrage JF The Journal of Alternative Investments FD Institutional Investor Journals SP 17 OP 32 DO 10.3905/jai.2001.319007 VO 4 IS 2 A1 Taewon Yang A1 Ben S Branch YR 2001 UL https://pm-research.com/content/4/2/17.abstract AB While merger arbitrage has proven itself to provide valuable return to risk properties, academics have supported various theories as to the basis for merger activity and the returns derived from various forms of merger arbitrage. In this article, a wide range of academic articles which have explored the basis for as well as the performance of merger arbitrage are reviewed.