InsideArbitrage Event Driven Monitor – October 25, 2022

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

Merger Arbitrage

1. According to Reuters, Gold Fields (GFI) talked up support for it proposed takeover of Yamana Gold (AUY) with shareholders set to vote on the deal in four weeks’ time.
2. The New Jersey Board of Public Utilities pushed out rate counsel/intervenor testimony about 20 days until November 20, 2022, from an original schedule of October 20, 2022, to allow for further “settlement negotiations,” over the sale of South Jersey Industries (SJI) to Infrastructure Investments Fund.
3. The Board of Directors of Turquoise Hill (TRQ) unanimously recommended that minority shareholders vote FOR the arrangement resolution with Rio Tinto (RIO).

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