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InsideArbitrage Event Driven Monitor – December 21, 2022

  • December 21, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage Ritchie Bros. Auctioneers Incorporated (RBA) and IAA, Inc. (IAA) announced expiration of the waiting period under the HSR Act and receipt of a no-action letter from the Canadian Commissioner of Competition. The parties have received all necessary regulatory clearance. The transaction is expected to close in the first half of 2023. Shareholders of Professional Holding (PFHD) approved the company’s merger with Seacoast Banking Corporation of Florida (SBCF) at a special meeting of shareholders. Taylor Maritime Investments Limited and Grindrod Shipping Holdings (GRIN) jointly announced the expiration of the subsequent offering period. According to Reuters, EU antitrust regulators have asked game developers and distributors if they think Microsoft (MSFT) will block their access to Activision Blizzard’s (ATVI) games once it has bought the company. According to Reuters, European antitrust regulators have opened an in-depth investigation into Broadcom’s (AVGO) proposed bid for VMware (VMW). “The Commission is particularly concerned that the transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware’s software,” the European Commission said in a statement. Deals In The Works iClick Interactive Asia (ICLK) received a preliminary non-binding bid from a consortium of company insiders to acquire all ordinary shares...

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