InsideArbitrage Event Driven Monitor – May 23, 2023

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

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Merger Arbitrage

1. VectivBio Holding AG (VECT)  to be acquired by Ironwood Pharmaceuticals (IRWD) for $1 billion or $17 per share in cash.
2. PDC Energy (PDCE) to be acquired by Chevron Corporation (CVX) for $7.6 billion in an all stock deal. Under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share.
3. Greenhill & Co (GHL) to be acquired by Mizuho Financial Group (MFG) for $550 million or $15 per share in cash.

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