InsideArbitrage Event Driven Monitor – January 18, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage.
Merger Arbitrage
- 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.
- 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.
- IAA, Inc. (IAA) announced that the special meeting of stockholders will be on March 14, 2023.
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