InsideArbitrage Event Driven Monitor – May 29, 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 SIRE: Sisecam Chemicals Wyoming has completed the acquisition of Sisecam Resources. XM: Qualtrics International (XM) obtained the final clearance or approval under applicable foreign antitrust laws required for the consummation of the merger. HMPT: Home Point Capital (HMPT) and Mr. Cooper Group filed notification and report forms under the HSR Act with the FTC and the Antitrust Division on May 24, 2023. The waiting period will expire on June 8, 2023, and the waiting period with respect to the MSR (Mortgage Servicing Rights) Purchase will expire on June 23, 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 TARO: Taro Pharmaceutical Industries (TARO) received a non-binding offer from its majority shareholder Sun Pharmaceutical to acquire shares, it doesn’t already own for $38 per share in cash. NEWR: According to Reuters, Private equity firms Francisco Partners and TPG (TPG) have ended talks to acquire New Relic (NEWR) after they failed to secure enough debt financing. Insider Purchases...
Only plus or premium subscribers can access this post. Subscribe today.
