Trade Engine

Caleb Thorne brings more than a decade on the deals beat, from banking floor analyst to senior markets reporter. At Trade Engine he specializes in mergers and acquisitions, covering term sheets, regulatory risk, and boardroom strategy with an eye for what moves spreads. Readers can expect clean read-ins on deal math, antitrust timing, and financing structures, including break fees and collar mechanics. His track record includes widely cited scoops on bid processes and sponsor exits, panel appearances on dealmaking trends, and contributions to several industry newsletters focused on special situations. Caleb’s coverage aims to bridge Wall Street structure with Main Street impact, translating proxy footnotes and merger proxies into plain English. Off the tape, he mentors early-career writers on source development and is happiest reverse-engineering a merger arb model over black coffee.