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InsideArbitrage Event Driven Monitor – February 1, 2023

  • February 1, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage. Merger Arbitrage Atlas Technical Consultants (ATCX) to be acquired by GI Partners for $1.05 billion or $12.25 per share in cash. Chembio Diagnostic (CEMI) to be acquired by Biosynex SA for $17.2 million or $0.45 per share in cash. OpenText (OTEX) completed the acquisition of Micro Focus International (MFGP). Maxar Technologies (MAXR) and Advent International announced that the initial waiting period under the HSR Act expired on January 30, 2023. Yamana Gold (AUY) announced that its shareholders approved the previously announced acquisition by Pan American Silver Corp. (PAAS) and to Agnico Eagle Mines Limited (AEM). According to Bloomberg, Eagle Asset Management and Independent Franchise Partners, which owns about 4.8% of Ritchie shares (RBA), plans to vote in favor of RBA’s proposed acquisition of IAA Inc. (IAA). Horizon (HZNP) and Amgen (AMGN) each received a request for additional information and documentary materials from the U.S. Federal Trade Commission in connection with the FTC’s review of Amgen’s proposed acquisition of Horizon. Two investors sued KnowBe4 (KNBE) over fears that its planned sale to a private equity consortium led by Vista Equity Partners, which received preliminary shareholder approval Tuesday, would rip off public investors in a business exceeding its forecasts. On January 31, 2023, the EC suspended...

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