InsideArbitrage Event Driven Monitor – February 22, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage.
Merger Arbitrage
- BDT Capital Partners LLC completes the acquisition of Weber (WEBR). It took 71 days for this deal to be completed.
- CinCor Pharma (CINC) announced the completion of an End-of-Phase 2 meeting with the U.S. Food and Drug Administration on the anticipated Phase 3 program for baxdrostat in hypertension.
- According to Reuters, Microsoft (MSFT) President Brad Smith will seek to convince EU antitrust regulators at a closed hearing that its bid for Activision Blizzard (ATVI) will boost competition. Microsoft announced an agreement to bring its games to Nvidia Corp.’s GeForce Now service, part of efforts to show that the industry will remain competitive if it’s allowed to acquire Activision Blizzard.
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