InsideArbitrage Event Driven Monitor – May 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 Microsoft (MSFT) said that China has unconditionally approved its plan to buy Activision Blizzard (ATVI), even as the deal still faces antitrust opposition in the U.S. and United Kingdom. VMware (VMW) and Broadcom (AVGO) extended the Outside Date of their Merger Agreement to August 26, 2023. If the transaction is not completed before August 26, 2023, Broadcom or VMware may extend the Outside Date to November 26, 2023. Sisecam Resources (SIRE) announced that it notified the New York Stock Exchange that it anticipates completing the merger with Sisecam Chemicals Wyoming LLC will close on or about May 26, 2023. Standard General provided additional information to the Federal Communications Commission to addresses potential concerns around the two issues raised in its Hearing Designation Order, related to its acquisition of Tegna (TGNA). You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deal in the works GoHealth (GOCO) confirms receipt of a $20 per share or unit unsolicited acquisition proposal from Centerbridge Partners and NVX Holdings. Creative Realities...
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