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InsideArbitrage Event Driven Monitor – December 12, 2022

  • December 12, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage STORE Capital Corporation (STOR) announced that its stockholders approved the acquisition of the company by GIC and Oak Street. The transaction is expected to close in the first quarter of 2023. Oyster Point Pharma (OYST) announced that the required waiting period applicable under the HSR Act has expired with respect to its transaction with  Viatris (VTRS). Shareholders of Turquoise Hill Resources (TRQ) approved the company’s merger with Rio Tinto (RIO) at a special meeting of shareholders. Shift Technologies (SFT) closed its merger with CarLotz (LOTZ). Albertsons Companies (ACI) said that Washington State Court had denied a request of preliminary injunction by the state’s Attorney General to prevent the company from paying $4 billion to shareholders in a special dividend. The Wall Street Journal reported that Microsoft (MSFT) had been working for close to a year to calm regulators’ concerns about its acquisition of Activision Blizzard (ATVI), but the Federal Trade Commission’s suit to block the deal raised doubts about the company’s pledge not to shut out rivals. According to Reuters, Broadcom (AVGO) is set to face a setback in its bid for VMware (VMW) with EU antitrust regulators poised to open a full-scale investigation into the deal. Deals in the Works...

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