InsideArbitrage Event Driven Monitor – March 17, 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 Shareholders of IsoPlexis Corporation (ISO) approved the company’s merger with Berkeley Lights (BLI) at a special meeting of shareholders. Aerojet Rocketdyne Holdings (AJRD) announced that its stockholders voted to approve the company’s proposed acquisition by L3Harris Technologies (LHX). Maxar Technologies (MAXR) announced that the special meeting of stockholders will be on April 19, 2023. 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 Bloomberg, Motive Partners, the fintech-focused private equity firm, is in talks to buy payments-software provider ACI Worldwide (ACIW). According to WSJ, Several banks including JPMorgan Chase & Co (JPM) and Morgan Stanley (MS) are in talks with First Republic Bank (FRC) for a potential deal. Insider Purchases Helmy Eltoukhy, the Co-Chief Executive Officer of oncology focused company Guardant Health, Inc. (GH), purchased 93,052 shares at an average price of $26.32 totaling $2.45 million. Edward Shapiro, a Director of United Airlines Holdings, Inc. (UAL), purchased 25,000 shares at an average price of $42.59 totaling...
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