InsideArbitrage Event Driven Monitor – May 12, 2023

Quick updates on the event driven strategies we follow on InsideArbitrage.

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Merger Arbitrage

1. Home Point Capital (HMPT) to be acquired by Mr. Cooper Group Inc. for $324 million or $2.33 per share in cash.
2. Absolute Software Corporation (ABST) to be acquired by Crosspoint Capital Partners for $870 million or $11.50 per share in cash.
3. HEXO Corp. (HEXO) obtained an interim order from the Ontario Superior Court of Justice for the holding of a special meeting of shareholders to approve the merger with Tilray Brands (TLRY). The Special Meeting is scheduled to be held on June 14, 2023. The final approval of the Ontario Superior Court of Justice at an application which is scheduled for June 19, 2023.

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