InsideArbitrage Event Driven Monitor – February 8, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage.
Merger Arbitrage
- First Brands Group and Horizon Global Corporation (HZN) announced the expiration of the tender offer. The deal is expected to be completed on February 8, 2023.
- Opiant Pharmaceuticals (OPNT) announced that the Committee on Foreign Investment in the United States (CFIUS) approved the previously announced Merger Agreement for Opiant to be acquired by Indivior.
- According to Reuters, Spirit Airlines (SAVE) expects U.S. antitrust regulators to decide whether to allow the low-cost carrier to proceed with its merger with JetBlue Airways (JBLU) in the “next 30 days or so.”
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