InsideArbitrage Event Driven Monitor – October 13, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage The acquisition of KnowBe4 (KNBE) by Vista Equity Partners for $4.6 billion or $24.90 per share in cash. Grindrod Shipping Holdings (GRIN) to be acquired by Taylor Maritime Investments Limited and Good Falkirk Limited for $506 million. Under the terms of the agreement, shareholders of Grindrod Shipping Holdings will receive $26.00 per share, comprising the offer price of $21.00 in cash and a special dividend of $5.00. TransGlobe Energy Corporation (TGA) received final approval from the Court of King’s Bench of Alberta for the previously announced plan of arrangement. Rentokil Initial completes the acquisition of Terminix Global Holding (TMX). According to Reuters, Microsoft (MSFT) said Britain’s competition regulator had relied on objections from its rival Sony in referring its Activision Blizzard (ATVI) deal to an in-depth inquiry, in particular “misplaced” concerns about ‘Call of Duty’. Brookline Bancorp (BRKL) and PCSB Financial Corporation (PCSB) announced that the deadline for stockholders of PCSB to elect the form of consideration that they wish to receive in PCSB’s pending merger with Brookline has been extended to November 15, 2022. Deals In The Works Grindrod Shipping Holdings (GRIN) announces agreement with Taylor Maritime Investments Aurora Innovation (AUR) announced it will release third...
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