InsideArbitrage Event Driven Monitor – March 13, 2023

  • March 13, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage. Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage Qualtrics International (XM) to be acquired by Silver Lake and CPP Investments for $12.5 billion or $18.15 per share in cash. NRG Energy (NRG) completed the acquisition of Vivint Smart Home (VVNT). Sumitovant Biopharma completed the acquisition of Myovant Sciences (MYOV). AgroFresh Solutions (AGFS) announced that the special meeting of stockholders will be on March 30, 2023. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Insider Purchases Thilo Schroeder, a Director of biotechnology company Revolution Medicines, Inc. (RVMD), purchased 650,000 shares at an average price of $21.76 totaling $14.15 million. These shares were purchased indirectly through various Nextech funds. Richard W. Dreiling, the Chief Executive Officer of discount retailer Dollar Tree, Inc. (DLTR), purchased 7,100 shares at an average price of $142.00 totaling $1 million. Ruffner Page, a Director of regional bank SouthState Corp (SSB), purchased 14,000 shares at an average price of $71.75 totaling $1 million. Anthony Noto, the Chief Executive Officer of FinTech company SoFi Technologies, Inc. (SOFI),...

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