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InsideArbitrage Event Driven Monitor – February 13, 2023

  • February 13, 2023

Quick updates on the event driven strategies we follow on InsideArbitrage.

Merger Arbitrage

  1. Shareholders of Apollo Endosurgery (APEN) approved the company’s merger with Boston Scientific Corporation at a special meeting of shareholders.
  2. 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.
  3. 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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