InsideArbitrage Event Driven Monitor – January 26, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage. Merger Arbitrage According to Reuters, Britain’s competition regulator said that it has started the first phase of an investigation into Broadcom’s (AVGO) acquisition of VMware (VMW). South Jersey Industries (SJI) and the Infrastructure Investments Fund announced that the New Jersey Board of Public Utilities has unanimously approved IIF’s proposed acquisition of SJI. The NJ BPU’s approval marks the final regulatory approval needed to complete the transaction, which we expect to occur on February 1, 2023. Deals In The Works GasLog made an unsolicited non-binding proposal to acquire GasLog Partners (GLOP) for $7.70 per unit in cash, consisting in part of a special distribution of $2.33 per unit in cash. According to Financial Times, buyout firm Apollo Global Management (APO) has teamed up with former SoftBank executive Marcelo Claure to explore a takeover of Millicom International Cellular (TIGO) that could value the Latin American telecoms operator at almost $10 billion, including debt. Idaho Strategic Resources (IDR) reiterated its $1.36 a share proposal to buy Westwater Resources Inc. (WWR) 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 Douglas R....
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