InsideArbitrage Event Driven Monitor – February 13, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage.
Merger Arbitrage
- Shareholders of Apollo Endosurgery (APEN) approved the company’s merger with Boston Scientific Corporation at a special meeting of shareholders.
- JetBlue (JBLU) set February 22, 2023, as the record date for the February 2023 prepayment to Spirit (SAVE) stockholders of $0.10 per Spirit share, with payment of the February 2023 Additional Prepayment to occur on February 28, 2023.
- Elevate Credit (ELVT) announced that independent proxy advisory firms ISS and Glass, Lewis & Co. have each recommended that stockholders vote “FOR” the previously announced all-cash acquisition of the company by an affiliate of Park Cities Asset Management LLC.
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