InsideArbitrage Event Driven Monitor – December 1, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage PBF Energy (PBF) completes the acquisition of PBF Logistics (PBFX). The Orthofix board reaffirmed to stockholders its recommendation in favor of the SeaSpine (SPNE) merger transaction that it remains fully committed to completing the transaction with SeaSpine, after receiving an unsolicited, non-binding indication of interest from two private equity fund sponsors. Deals in the Works Orthofix Medical (OFIX) announced that it received an unsolicited, non-binding indication of interest from two private equity fund sponsors to acquire all of the outstanding equity of Orthofix for $23.00 per share in cash. EQT AB is in talks to acquire Radius Global Infrastructure (RADI) which leases cell sites to wireless-tower companies and mobile network operators, according to people with knowledge of the matter. Engine Capital sends a letter to the board of directors of Univar (UNVR) regarding the need to initiate a formal review of strategic alternatives Insider Purchases Edward Shoen, the President of U-Haul’s parent company AMERCO (UHAL), purchased 472,550 shares at an average price of $59.74 totaling $28.23 million. Douglas Cahill, the COB, President and CEO of hardware tools company Hillman Solutions Corp. (HLMN), purchased 129,000 shares at an average price of $7.70 totaling...
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