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InsideArbitrage Event Driven Monitor – November 2, 2022

  • November 2, 2022

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

Merger Arbitrage

  1. Abiomed (ABMD) to be acquired by Johnson & Johnson (JNJ) for $16.6 billion. Under the terms of the agreement, shareholders of Abiomed will receive $380.00 per share in cash, along with one non-tradeable CVR that entitles them to up to an additional $35.00 per share in cash if certain clinical and commercial milestones are achieved.
  2. Atlas Corp. (ATCO) to be acquired by Poseidon Acquisition Corp. for $10.9 billion or $15.50 per share in cash.
  3. Benefitfocus (BNFT) to be acquired by Voya Financial (VOYA) for $570 million or $10.50 per share in cash.

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