InsideArbitrage Event Driven Monitor – November 10, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage OceanFirst Financial (OCFC) and Partners Bancorp (PTRS) jointly announced that they have agreed to terminate the merger agreement. A form-4 filing on Tuesday indicated that Zendesk (ZEN) accelerated restricted stock units (RSUs) originally scheduled to vest on November 15 to November 4 in order to facilitate the settlement of taxes due upon vesting of such RSUs, “in advance of the closing” of its sale to Permira and Hellman & Friedman. The European Commission has opened an in-depth investigation to assess the proposed acquisition of Activision Blizzard (ATVI) by Microsoft (MSFT) under the EU Merger Regulation. Turquoise Hill (TRQ) announced that it has postponed the shareholder meeting on the Rio Tinto deal indefinitely. Insider Purchases Matthew Jacobson, a Director of cloud security company Datadog, Inc. (DDOG), purchased 719,894 shares at an average price of $69.45 totaling $50 million. These purchases were made indirectly through various ICONIQ funds. Jason Ronald Krantz, a Director of health information services company Definitive Healthcare Corp. (DH), purchased 450,000 shares at an average price of $11.54 totaling $5.19 million. Dominic Francis Silvester, the Chief Executive Officer of specialty insurance company Enstar Group LTD (ESGR), purchased 26,000 shares at an average price of...
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