InsideArbitrage Event Driven Monitor – November 16, 2022

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

Merger Arbitrage

1. Abiomed (ABMD) and Johnson & Johnson (JNJ) each filed an HSR Notification with the FTC and the DOJ in connection with the purchase of shares in the offer and the merger, and the required waiting period will expire on December 7, 2022, unless earlier terminated by the FTC and the DOJ. Johnson & Johnson launched its tender offer for Abiomed; the offer will expire on December 13, 2022.
2. CommerceHub completes the acquisition of ChannelAdvisor (ECOM).
3. Cowen (COWN) announced that its stockholders approved the previously announced definitive agreement for Cowen to be acquired by TD Bank Group (TD).

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