InsideArbitrage Event Driven Monitor – December 7, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Includes insider buying in a recent spin-off and a company that decided to issue a press release calling attention to purchases by its CEO and CFO. Merger Arbitrage Vivint Smart Home (VVNT) to be acquired by NRG Energy (NRG) for $5.96 billion or $12 per share in cash. DigitalBridge Group (DBRG) completes the acquisition of Switch (SWCH). STORE Capital Corporation (STOR) announced that the Committee on Foreign Investment in the United States (CFIUS) has approved the previously announced all-cash acquisition of the company by affiliates of GIC. Bloomberg reported that Kroger’s (KR) acquisition of Albertsons (ACI) will face an in-depth review by the Federal Trade Commission, after the US regulator sent a so-called second request seeking additional information on the deal. Deals in the Works Vince Holding Corp., (VNCE) a New York-based fashion brand, is exploring options including a sale, according to people with knowledge of the matter. Update Fox Corporation (FOXA): The Special Committee has been delegated full authority to evaluate the Potential Transaction. The letters indicated that Murdoch and the Murdoch Family Trust will not vote in favor of a transaction unless it is both recommended by the Special Committee and approved by a...
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