InsideArbitrage Event Driven Monitor – February 24, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage. Subscribe to receive our Event Driven Monitor by email every weekday morning before the market opens.
Merger Arbitrage
- The merger of Infinity Pharmaceuticals (INFI) and MEI Pharma (MEIP) for $2.69 million in an all stock deal. Under the terms of the agreement, shareholders of Infinity Pharmaceuticals will receive 1.0449 shares of MEI Pharma stock for each Infinity Pharmaceuticals share they own. The combined company is expected to be renamed and trade on the Nasdaq Stock Market.
- F-star Therapeutics (FSTX) and invoX Pharma Limited extended the End Date of the Merger Agreement in order to provide additional time for the parties to finalize an agreement with CFIUS and to complete the ongoing tender offer whose expiration date has been extended to March 3, 2023.
- Shareholders of Coupa Software Incorporated (COUP) approved the company’s merger with Thoma Bravo at a special meeting of shareholders.
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