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Cloud computing stocks have seen better days, could things be turning around soon?

Time to put money to work. Merger arb spreads are wide.

Thoma Bravo pruned its Anaplan, Inc (NYSE: PLAN) takeover offer after agreeing to resolve a disagreement regarding compliance with specific merger terms. Now Anaplan stockholders will receive $63.75 per share in cash, down from the original purchase price of $66.00.

CNBC's David Faber breaks down Anaplan's new amended merger agreement with software investment firm Thoma Bravo to "resolve a disagreement" between the pair.