European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Aviva/Direct Line: Preliminary Offer Agreement

Event-Driven

Direct Line Insurance Group Pl / Event-Driven

<ul>
<li>Direct Line–Aviva deal has cleared CMA and court hurdles; only procedural steps remain.</li>
<li>Implied value is 312.19p vs. 306.6p close — a 1.82% spread with 7-day horizon.</li>
<li>I recommend long arbitrage exposure below 307p. This is a textbook risk arb trade: liquid, near-fully de-risked, and short-dated.</li>
</ul>


Direct Line–Aviva deal has cleared CMA and court hurdles; only procedural steps remain.
Implied value is 312.19p vs. 306.6p close — a 1.82% spread with 7-day horizon.
I recommend long arbitrage exposure below 307p. This is a textbook risk arb trade: liquid, near-fully de-risked, and short-dated.


Last Premium Collected: DLG’s Short-Dated Arbitrage Opportunity