InsideArbitrage Event Driven Monitor – March 20, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage.
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Merger Arbitrage
- Credit Suisse Group AG (CS) to be acquired by UBS Group AG (UBS) for $3 billion in an all stock deal. Under the terms of the agreement, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held.
- According to Reuters, Microsoft (MSFT) has offered remedies in an attempt to gain EU antitrust approval for its acquisition of Activision (ATVI).
- JetBlue (JBLU) has set March 27, 2023, as the record date for the March 2023 prepayment to Spirit (SAVE) stockholders, with payment of the March 2023 Additional Prepayment to occur on March 31, 2023.
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