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InsideArbitrage Event Driven Monitor – November 17, 2022

  • November 17, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage The acquisition of Elevate Credit (ELVT) by an affiliate of Park Cities Asset Management for $943.06 million or $1.87 per share in cash. Alexio, AstraZeneca Rare Disease completed the acquisition of LogicBio Therapeutics (LOGC). Stealth Parent Limited completed the acquisition of Stealth BioTherapeutics Corp (MITO). According to Reuters, Albertsons Companies (ACI) said that its $4 billion dividend payment to shareholders will continue to remain on hold as a Washington state court postponed a scheduled case hearing to December 9, 2022. Deals In The Works Argo Group (ARGO) details exhaustive outreach to more than 80 parties in pursuit of sale or other strategic transaction Insider Purchases Patrick G. Ryan, the Chief Executive Officer of specialty insurance company Ryan Specialty Holdings, Inc. (RYAN), purchased 182,400 shares at an average price of $33.86 totaling $6.18 million. Joseph S. Steinberg, a Director of winery Crimson Wine Group, Ltd (CWGL), purchased 171,300 shares at an average price of $6.25 totaling $1.07 million. John D. Cumming, another Director of the company, also purchased 171,300 shares at an average price of $6.25 totaling $1.07 million. Richard N. Massey, a Director of human capital software company Alight, Inc. (ALIT), purchased 100,000 shares at...

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