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InsideArbitrage Event Driven Monitor – December 8, 2022

  • December 8, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage Shareholders of CarLotz (LOTZ) approved the company’s merger with Shift Technologies (SFT) at a special meeting of shareholders. LHC Group (LHCG) delivered written notice to UnitedHealth Group extending the Outside Date to March 28, 2023. The companies certified to the FTC their substantial compliance with their respective Second Requests. The deal is expected to be completed in the first quarter of 2023. UserTesting (USER) announced that the special meeting of stockholders will be on January 10, 2023.  Benefitfocus (BNFT) and Voya Financial (VOYA) filed their preliminary proxy statement. The waiting period under the HSR Act is expected expire on December 14, 2022, unless earlier terminated or extended by a request for additional information and documentary material from the DOJ or FTC. Bloomberg reported that Microsoft (MSFT) executives are set to meet with US Federal Trade Commission Chair Lina Khan and other commissioners on Wednesday to make its final case in favor of its deal to buy Activision Blizzard (ATVI). Deals in the Works Update Titan Medical Inc. (TMDI), announced that in view of the commencement of the strategic review process announced on November 30, 2022, the special meeting of its shareholders scheduled for January 12, 2023 will be...

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