InsideArbitrage Event Driven Monitor – December 30, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage 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. Sitio Royalties (STR) has completed the acquisition of Brigham Minerals (MNRL). 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). Brookline Bancorp (BRKL) announced that it has received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, New York State Department of Financial Services and Massachusetts Board of Bank Incorporation necessary to complete its acquisition of PCSB Financial Corporation (PCSB). Brookline and PCSB anticipate closing the transaction on January 1, 2023. According to Bloomberg, Canada’s merger court ruled in favor of Rogers Communications (RCI) and Shaw Communications (SJR) in an antitrust case, clearing one of the final hurdles to the union of two of the country’s largest telecommunications firms. The FNE (Fiscalía Nacional Económica) Chile approved in Phase 1 the merger operation consisting of the acquisition of control of...
Only plus or premium subscribers can access this post. Subscribe today.
