InsideArbitrage Event Driven Monitor – December 9, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. Merger Arbitrage The Wall Street Journal reported that the Federal Trade Commission has sued to block Activision Blizzard’s (ATVI) planned acquisition by Microsoft (MSFT). The waiting period under the HSR Act, expired in connection with the previously announced proposed merger between Abiomed (ABMD) and Johnson & Johnson (JNJ). KnowBe4 (KNBE) announced that the applicable waiting period under the HSR Act with respect to its acquisition by Vista Equity Partners expired on November 25, 2022. The European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Micro Focus International (MFGP) by Open Text Corporation (OTEX). Colorado’s attorney general urged a Washington state court judge to block a $4 billion dividend proposed to be paid to shareholders ahead of the merger of Kroger (KR) and Albertsons (ACI). Myovant Sciences (MYOV) and Sumitomo Chemical filed their preliminary proxy statement, stating that they made the filings required under the HSR Act on December 2, 2022. The applicable waiting period under the HSR Act will expire on January 2, 2022. Velodyne Lidar (VLDR) and Ouster (OUST) announced that their special meeting of stockholders will be held on January 26, 2022. ForgeRock (FORG) announced that the special meeting of stockholders will be on January 12, 2022. Deals...
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