InsideArbitrage Event Driven Monitor – May 24, 2023

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

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Merger Arbitrage

1. Prometheus (RXDX) announced that the applicable waiting period under the HSR Act, in connection with the merger with Merck (MRK) expired on May 22, 2023.
2.  Triton International Limited (TRTN) by Brookfield Infrastructure Partners L.P. (BIP) filed a Pre-Merger Notification and Report Form pursuant to the HSR Act with the DOJ and FTC on May 10, 2023. The companies also filed their draft joint voluntary notice to obtain CFIUS clearance on May 10, 2023.
3. Evoqua Water Technologies (AQUA) announced that it has received all regulatory approvals required to complete the merger with Xylem (XYL). The merger is expected to close on or about May 24, 2023.

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