InsideArbitrage Event Driven Monitor – December 19, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage Aerojet Rocketdyne Holdings (AJRD) to be acquired by L3Harris Technologies (LHX) for $4.7 billion or $58 per share in cash. Maxar Technologies (MAXR) to be acquired by Advent International for $6.4 billion or $53 per share in cash. Trean Insurance Group (TIG) to be acquired by Altaris Capital Partners for $316 million or $6.15 per share in cash. Rio Tinto (RIO) completed the acquisition of Turquoise Hill Resources (TRQ). O2Micro International Limited (OIIM) announced it has called an extraordinary general meeting of shareholders, to be held on January 31, 2023. Deal in the Works A potential deal we added on October 25, 2022, Aerojet Rocketdyne Holdings (AJRD) announced the signing of a definitive agreement for L3Harris to acquire Aerojet Rocketdyne for $58 per share, in an all-cash transaction valued at $4.7 billion, inclusive of net debt. Diffusion (DFFN) has agreed that in the event it has not completed a transaction resulting from its ongoing strategic review process by July 1, 2023, the company will promptly appoint an individual designated by LifeSci Special Opportunities to the Board, subject to certain conditions. You can check out new deals, all deal updates and spreads on active deals in our Merger Arbitrage Tool for...
Only plus or premium subscribers can access this post. Subscribe today.
