InsideArbitrage Event Driven Monitor – January 23, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage. Merger Arbitrage Benefitfocus (BNFT) announced that its stockholders approved the merger agreement with Voya Financial (VOYA). The transaction is expected to close on January 24, 2023. The Austrian Federal Competition Authority approved Thoma Bravo’s proposed acquisition of Coupa Software Incorporated (COUP). Vivint Smart Home (VVNT) announced that the applicable waiting period under the HSR Act expired on January 19, 2023. Altra Industrial Motion (AIMC) disclosed that the company’s planned sale to Regal Rexnord (RRX) was filed under a simplified procedure with China’s antitrust regulator. Atlas Corp. (ATCO) announced that it will hold its Annual Meeting of Shareholders on February 24, 2023. Deals In The Works According to Bloomberg, Western Digital Corp. (WDC) and Japan’s Kioxia Holdings Corp. are progressing in their merger talks and have figured out a rough structure that would eventually involve a dual-listing in Japan. Atlas Corp. (ATCO) On Feb 24, 2023, at the Annual Meeting, Atlas common shareholders are asked to among other matters, to vote upon a proposal to adopt and approve the previously announced Agreement and Plan of Merger among Atlas, Poseidon Acquisition Corp. iClick Interactive Asia Group (ICLK) announces the Special Committee is still at the preliminary stage of reviewing and evaluating...
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