InsideArbitrage Event Driven Monitor – May 15, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage.
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Merger Arbitrage
- NeoGames (NGMS) to be acquired by Aristocrat Leisure Limited (ALL.AX) for $1.2 billion or $29.50 per share in cash.
- Magellan Midstream Partners (MMP) to be acquired by ONEOK (OKE) for $18.8 billion in a cash plus stock deal. Under the terms of the agreement, each Magellan unitholder will receive $25.00 in cash and 0.6670 shares of ONEOK stock per unit.
- Francisco Partners completes the acquisition of Sumo Logic (SUMO).
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