InsideArbitrage Event Driven Monitor – October 17, 2022

Quick updates on the event-driven strategies we follow on InsideArbitrage.

Merger Arbitrage

1. The acquisition of Albertsons Companies (ACI) by The Kroger Co. (KR) for $24.6 billion or $34.10 per share in cash.
2. Berkshire Hathaway (BRK.A, BRK.B) and Alleghany Corporation (Y) announced that all regulatory approvals relating to the proposed acquisition of Alleghany by Berkshire Hathaway have been received. The completion of the proposed transaction is currently expected to occur on October 19, 2022.
3. October 17, 2022: According to Reuters, Broadcom (AVGO) will seek early European Union antitrust approval of its proposed acquisition of VMware (VMW) by pointing to competition from Amazon (AMZN), Microsoft (MSFT), and Google (GOOGL).

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