InsideArbitrage Event Driven Monitor – September 28, 2022
We are excited to roll out new branding for InsideArbitrage today with a new logo and updated headers for our emails and Twitter account. We are also rolling out a new type of daily article called the InsideArbitrage Event Driven Monitor that provides quick updates on all six event-driven strategies we follow on InsideArbitrage. The Event Driven Monitor will be published before market open each weekday and I hope you find it useful. Merger Arbitrage The merger of Lakeland Bancorp (LBAI) and Provident Financial Services (PFS) for $1.3 billion in an all-stock deal. Under the terms of the merger agreement, Lakeland shareholders will receive 0.8319 shares of Provident common stock for each share of Lakeland common stock they own. Saint-Gobain completed the acquisition of GCP Applied Technologies. Pfizer’s (PFE) acquisition of Bioaven Pharmaceutical Holding Company (BHVN) to be completed on October 3, 2022. Nikola (NKLA) extended the deadline for Romeo Power (RMO) stockholders to tender their shares to October 12, 2022. According to The Wall Street Journal, lawyers for Elon Musk and Twitter (TWTR) debated several pending requests for information in their continuing legal fight, with less than three weeks to go before a scheduled trial over Mr. Musk’s soured $44 billion takeover. All regulatory approvals relating...
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