InsideArbitrage Event Driven Monitor – February 6, 2023

  • February 6, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage. Merger Arbitrage AlerisLife (ALR) to be acquired by ABP Acquisition LLC for $33.35 million or $1.31 per share in cash. GIC and Oak Street completed the acquisition of STORE Capital Corporation (STOR). Velodyne Lidar (VLDR) announced that the special meeting of stockholders has been reconvened to February 10, 2023. According To Reuters, a private lawsuit filed in California seeks to stop Kroger’s (KR) planned purchase of Albertsons Companies (ACI), a deal that state attorneys general, consumer groups and some U.S. lawmakers have questioned as harmful to competition in the grocery market. Deep Field Asset Management, a California-based investment adviser of funds that beneficially own 200,000 shares of Ritchie Bros. Auctioneers (RBA) issued a letter urging RBA shareholders to reject RBA’s ill-conceived merger with IAA Inc. (IAA). Reuters reported that according to the European Commission, the EU antitrust regulators have paused their investigation into Broadcom’s (AVGO) bid for VMware (VMW) while waiting for the U.S. chipmaker to provide requested data. According to Bloomberg, the US Federal Trade Commission is preparing a possible lawsuit against Amazon (AMZN) that could be filed as soon as this spring. According to The Wall Street Journal, Activision Blizzard (ATVI) agreed to pay $35 million to settle regulatory claims tied to...

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