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InsideArbitrage Event Driven Monitor – May 25, 2023

  • May 25, 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 “Correction: Premium subscribers may have received an alert regarding the acquisition of The Necessity Retail REIT (RTL) by Global Net Lease (GNL) in an all-cash deal. The deal is actually an all-stock deal and the alert was sent inadvertently when the wrong deal type was selected when adding the deal to our database. We fixed the deal type in the Merger Arbitrage Tool shortly after the alert was sent.” The merger of Desktop Metal (DM) and Stratasys (SSYS) in an all-stock deal valued at approximately $1.8 billion. Under the terms of the agreement, Desktop Metal stockholders will receive 0.123 ordinary shares of Stratasys for each share of Desktop Metal stock. Apexigen (APGN) to be acquired by Pyxis Oncology (PYXS) for $16 million in an all-stock deal. Under the terms of the agreement, for each share of Apexigen common stock, Pyxis Oncology will issue 0.1725 shares of its common stock. The Necessity Retail REIT (RTL) to merge with Global Net Lease (GNL) for $3.7 billion in an all-stock deal. Under the terms of the Merger Agreement,...

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