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InsideArbitrage Event Driven Monitor – March 22, 2023

  • March 22, 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 U.S. Xpress Enterprises (USX) to be acquired by Knight-Swift Transportation Holdings (KNX) for $808 million or $6.15 per share in cash. Berkeley Lights (BLI) completed the acquisition of IsoPlexis Corporation (ISO). Deals In The Works Echo Lake Capital offered to acquire Quince Therapeutics (QNCX) for $1.60 per share in cash. Franchise Group, Inc. (FRG) received an unsolicited non-binding proposal, to acquire the company for a price of $30 per share in cash. 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 Robert Robotti, a Director of offshore support vessels provider Tidewater Inc (TDW), purchased 27,000 shares at an average price of $39.64 totaling $1.07 million. Leonard M. Tannenbaum, the Chief Executive Officer of the lender to cannabis companies AFC Gamma, Inc. (AFCG), purchased 51,000 shares at an average price of $13.55 totaling $691,190. Robyn Tannenbaum, the President of the company, also purchased 26,000 shares at an average price of $14.19 totaling $368,940. Beth C. Seidenberg, a Director of...

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