InsideArbitrage Event Driven Monitor – November 11, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage The merger of Maverix Metals (MMX) and Triple Flag Precious Metals (TFPM) in a cash or stock deal. Pursuant to the Transaction, Maverix shareholders may elect to receive either US$3.92 in cash or 0.36 of a Triple Flag share per Maverix share held. The shareholder election will be subject to pro-ration such that the cash consideration will not exceed 15% of the total consideration and the share consideration will not exceed 85% of the total consideration. Albertsons Companies (ACI) announced that the Washington State Court has postponed the date of the hearing regarding the temporary restraining order granted to the State of Washington. The TRO restrains the company from paying the previously announced $6.85 per share special dividend to stockholders of record as of the close of business on October 24, 2022. The hearing is scheduled to take place on November 16 and November 17, and the TRO remains in effect. BTRS Holdings (BTRS) announced that the special meeting of stockholders will be held on December 13, 2022. Insider Purchases Thomas Sinnickson Gayner, a Director of telecom services company Cable One, Inc. (CABO), purchased 10,000 shares at an average price of $656.86 totaling...
Only plus or premium subscribers can access this post. Subscribe today.
