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InsideArbitrage Event Driven Monitor – December 23, 2022

  • December 23, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage China Index Holdings Limited (CIH) to be acquired by CIH Holdings Limited in a ‘going-private’ transaction for $26.68 million or $1 per share in cash. CEO Rob Glaser has completed the acquisition of RealNetworks (RNWK). Johnson & Johnson (JNJ) has completed the acquisition of Abiomed (ABMD). On December 21, 2022, Albertsons Companies (ACI) announced that on December 19, 2022, the State of Washington Supreme Court set February 9, 2023 as the date for the review of the temporary restraining order (“TRO”) against the company’s previously announced $6.85 per common share Special Dividend. Congresswoman Maxine Waters (D-CA) has urged the Federal Trade Commission to conduct a robust review of Intercontinental Exchange’s (ICE) planned purchase of Black Knight (BKI). Opiant Pharmaceuticals (OPNT) and Indivior PLC filed a voluntary CFIUS Notice seeking approval of their merger. According to Reuters, Canada’s competition tribunal said that it had not arrived at a decision regarding the merger between Rogers Communications (RCI) and Shaw Communications (SJR). ForgeRock (FORG) and Thoma Bravo each received a request for additional information (the “Second Request”) from the Department of Justice in connection with the DOJ’s review of the merger. KnowBe4 (KNBE) announced that the special meeting of stockholders will be held on January 31, 2023. OpenText (OTEX) announced...

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