Clearwater Analytics stock out: Glazer merger-arb trade now zero, filing says
Clearwater Analytics Holdings Inc is done trading after being taken private. Its last trade printed at $24.56, just a penny above the $24.55 per share cash buyout. Clearwater said its Class A shares are now off the NYSE after the acquisition closed June 25. The penny difference worked out to just 0.04%. For merger-arb, the spread was all but gone. What remained was cash, deal timing, and execution frictions.