InsideArbitrage Event Driven Monitor – December 30, 2022

Quick updates on the event-driven strategies we follow on InsideArbitrage.

Merger Arbitrage

1. The Committee on Foreign Investment in the United States issued an order preventing the consummation of the transactions pursuant to the merger agreement between F-star Therapeutics (FSTX) and invoX Pharma, citing unresolved national security risks. invoX has extended the tender offer to December 30, 2022.
2. Sitio Royalties (STR) has completed the acquisition of Brigham Minerals (MNRL).
3. The New Jerzey PUC disclosed correspondence from Infrastructure Investments Fund’s advisors to the PUC Commissioner suggesting next steps for its review of IIF’s proposed acquisition of South Jersey Industries (SJI).

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