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InsideArbitrage Event Driven Monitor – March 15, 2023

  • March 15, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage. Insiders significantly stepped up their purchases the last three days and I don’t think I have seen this level of activity for several months. Given the turmoil in the banking sector, a large number of these purchases were in badly beaten regional bank stocks. Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage Univar Solutions (UNVR) to be acquired by Apollo (APO) for $8.1 billion or $36.15 per share in cash. Cvent Holding (CVT) to be acquired by Blackstone for $4.6 billion or $8.50 per share in cash. IAA, Inc. (IAA) received approval from its stockholders for the stock and cash acquisition of the company by Ritchie Bros. Auctioneers Incorporated (RBA). Atlas Air Worldwide Holdings (AAWW) announced that all regulatory conditions to closing set forth in the Merger Agreement with Apollo (APO) were satisfied. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deal In The Works According to Reuters, Infinera Corp (INFN), a U.S. manufacturer of semiconductors for the telecommunications industry that competes with China’s Huawei, is exploring options that...

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