InsideArbitrage Event Driven Monitor – November 9, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage. Yamana Gold (AUY) announced that the arrangement agreement with Agnico Eagle Mines Limited (AEM) and Pan American Silver (PAAS) entered into on November 4, 2022, has become effective upon the termination by Gold Fields Limited of the arrangement agreement between the company and Gold Fields (GFI) entered into on May 31, 2022. Yamana Gold (AUY) announced that the arrangement agreement with Agnico Eagle Mines Limited (AEM) and Pan American Silver (PAAS) entered into on November 4, 2022, has become effective upon the termination by Gold Fields Limited of the arrangement agreement between the company and Gold Fields (GFI) entered into on May 31, 2022. Albertsons Companies (ACI) announced that the U.S. District Court for the District of Columbia has denied the request by the California, Illinois, and District of Columbia Attorneys General for a temporary restraining order against the company’s previously announced $6.85 per common share Special Dividend, originally scheduled to be paid on November 7, 2022. According to Reuters, A U.S. federal court denied requests to temporarily block Albertsons Companies’ (ACI) $4 billion dividend payment to shareholders before the closing of the proposed merger with Kroger (KR), but the payout remained blocked due to another...
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