InsideArbitrage Event Driven Monitor – March 27, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage.
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Merger Arbitrage
- Berkshire Grey (BGRY) to be acquired by SoftBank for $375 million or $1.40 per share in cash. We added BGRY as a potential deal to the Deals in the Works section on February 10, 2023, and the price after the news of the potential deal came out was $1.48.
- Pan American Silver (PAAS), Agnico Eagle Mines Limited (AEM) and Yamana Gold (AUY) received approval for their arrangement from the Mexican Federal Economic Competition Commission. All required regulatory, shareholder and court approvals, including the final court order, have now been received and the arrangement is anticipated to be completed on or about March 31, 2023.
- Global Payments (GPN) completed the acquisition of EVO Payments (EVOP).
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