InsideArbitrage Event Driven Monitor – May 24, 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 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. 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. 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. 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 According to WSJ, Choice Hotels International (CHH) is seeking to buy Wyndham Hotels & Resorts (WH). GoHealth (GOCO) forms a special committee to evaluate $20 per share takeover bid from the investor group. According to Reuters, Activist investor TCS Capital Management urges Yelp (YELP)...
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