InsideArbitrage Event Driven Monitor – October 17, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage The acquisition of Albertsons Companies (ACI) by The Kroger Co. (KR) for $24.6 billion or $34.10 per share in cash. 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. 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). Novo Nordisk (NVO) completes the acquisition of Forma Therapeutics Holdings (FMTX). Shareholders of Avalara (AVLR) voted to approve the pending transaction with Vista Equity Partners. The transaction is expected to close on October 19, 2022. SailingStone Capital Partners, a long-time owner of Turquoise Hill Resources (TRQ) stated that it intends to vote against the proposed transaction with Rio Tinto (RIO) during the special meeting of shareholders currently scheduled for November 1, 2022. Steel Connect (STCN) announced that it intends to reconvene the company’s 2021 Annual Meeting of Stockholders on October 28, 2022. EVO Payments (EVOP) announced that the special meeting of stockholders will be on October 26, 2022. Deals In The Works...
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