InsideArbitrage Event Driven Monitor – December 2, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage Syncona Limited completed the acquisition of Applied Genetic Technologies Corporation (AGTC). Eli Lilly and Company (LLY) completed the acquisition of Akouos (AKUS). Rocket Pharmaceuticals (RCKT) completed the acquisition of Renovacor (RCOR). New York Community Bancorp (NYCB) completed the acquisition of Flagstar Bancorp (FBC). Maverix Metals (MMX) announced that the Ontario Superior Court of Justice has granted an interim order authorizing the calling and holding of a special meeting of the Maverix shareholders to be held on January 12, 2023. The Toronto-Dominion Bank (TD) reported that it is currently planning to close the acquisition of First Horizon Corporation (FHN) in the first half of fiscal 2023, subject to customary closing conditions, including approvals from U.S. and Canadian regulatory authorities. According to Reuters, the attorneys general of California, Illinois, and Washington D.C. have asked a federal court to temporarily stop Albertsons (ACI) dividend payment. Advocacy groups, including the Open Markets Institute and National Farmers Union asked U.S. antitrust enforcers to stop Kroger’s (KR) planned purchase of Albertsons Companies. Deals in the Works Rapid Micro Biosystems (RPID) announced that its Board of Directors has concluded its previously announced review of strategic alternatives since no parties submitted binding offers to acquire all...
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