InsideArbitrage Event Driven Monitor – January 16, 2023

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

Merger Arbitrage

1. Yamana Gold (AUY) received positive recommendations from both Institutional Shareholder Services and Glass, Lewis & Co. in support of its merger agreement with Pan American Silver Corp (PAAS) and Agnico Eagle Mines Limited (AEM).
2.  JetBlue (JBLU) set January 25, 2023, as the record date for the January 2023 prepayment to Spirit (SAVE) stockholders of $0.10 per Spirit share, with payment of the January 2023 Additional Prepayment to occur on January 31, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the January 25, 2023, record date will be entitled to receive the January 2023 Additional Prepayment.
3. The Canadian House of Commons industry and technology committee is planning to initiate another study of the proposed Rogers (RCI) Shaw (SJR) merger. Conservative MP Rick Perkins and New Democrat MP Brian Masse confirmed to The Canadian Press that the committee plans to meet on January 25 to review the proposed transaction.

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