InsideArbitrage Event Driven Monitor – January 19, 2023

  • January 19, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage. Merger Arbitrage Volta (VLTA) to be acquired by Shell plc (SHEL) for $273.79 million or $0.86 per share in cash. Shareholders of Altra Industrial Motion (AIMC) approved the company’s merger with Regal Rexnord Corporation (RRX) at a special meeting of shareholders. AVEO Oncology (AVEO) and LG Chem received written notice from CFIUS, clearing the transaction. F-star Therapeutics (FSTX) and invoX Pharma extended the tender offer to January 31, 2023, unless further extended. Ritchie Bros. (RBA) holder Luxor Capital formally filed a preliminary proxy in opposition to the company’s planned acquisition of IAA Inc. (IAA). Deals In The Works Kushner Companies informed Veris Residential (VRE) that it is not currently interested in moving forward with a transaction with the REIT. You can check out new deals, all deal updates and spreads on active deals in our Merger Arbitrage Tool for premium members here. Insider Purchases Peter Yu, a Director of asset management company Alvarium Tiedemann Holdings, Inc. (ALTI), purchased 27,000 shares at an average price of $10.00 totaling $270,000. Alvarium Tiedemann recently went public through a SPAC business combination with Cartesian Growth Corporation and the stock has been very volatile since. Wes Cummins, the CEO and Chairman of...

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