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InsideArbitrage Event Driven Monitor – November 1, 2022

  • November 1, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage According to Reuters, Canada Federal Court Chief Justice Paul Crampton has directed counsel for Rogers Communication (RCI), Shaw Communications (SJR), and the Competition Bureau to convene for a further case management conference on Tuesday. Shareholders of U.S. Well Services (USWS) approved the company’s merger with ProFrac Holding (PFHC) at a special meeting of shareholders. Shareholders of Resolute Forest Products (RFP) approved the company’s merger with The Paper Excellence Group at a special meeting of shareholders. Global Payments (GPN) announced that it has received Hart-Scott-Rodino clearance in the United States for the acquisition of EVO Payments (EVOP). Tenneco (TEN) announced the expected appointment of Jeff Stafeil as Executive Vice President and Chief Financial Officer, contingent upon the close of the transaction with Apollo Global Management (APO). Pzena Investment Management completed the acquisition of Pzena Investment Management (PZN). Renovacor (RCOR) announced that the special meeting of stockholders will be on November 30, 2022. According to Bloomberg, plans by Albertsons (ACI) to pay $4 billion to shareholders as a special dividend were developed before the company started talking about a potential merger with Kroger (KR), according to a letter from the grocery-store chain to a group of state attorneys general that raised concerns about the payout. Tenneco (TEN)...

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