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InsideArbitrage Event Driven Monitor – January 18, 2023

  • January 18, 2023

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

Merger Arbitrage

  1. The acquisition of Neovasc (NVCN) by ShockWave Medical (SWAV) for $100 million. Under the terms of the agreement, Neovasc shareholders will receive US$27.25 per share in cash, plus deferred payments of up to approximately US$47 million on the achievement of future regulatory milestones in the form of a contingent value rights.
  2. According to Reuters, Microsoft (MSFT) is likely to receive an EU antitrust warning about its $69 billion bid for Activision Blizzard (ATVI), that could pose another challenge to completing the deal.
  3. IAA, Inc. (IAA) announced that the special meeting of stockholders will be on March 14, 2023.

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