InsideArbitrage Event Driven Monitor – May 31, 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 AAIC: Arlington Asset Investment (AAIC) to be acquired by Ellington Financial (EFC) for $135.28 million in an all-stock deal. Under the terms of the merger agreement, each share of Arlington common stock will be converted into 0.3619 shares of Ellington Financial common stock. GRNA: GreenLight Biosciences Holdings (GRNA) to be acquired by a group of buyers led by Fall Line Capital for $113.01 million or $0.30 per share in cash. ATVI: Microsoft’s (MSFT) deal to acquire Activision Blizzard (ATVI) received approval from South Korea’s antitrust regulator after the government agency said the merger was unlikely to negatively impact its domestic gaming market. SGEN: Shareholders of Seagen (SGEN) approved the company’s merger with Pfizer (PFE) at a special meeting of shareholders. BRMK: Shareholders of Broadmark (BRMK) approved the company’s merger with Ready Capital (RC) at a special meeting of shareholders. The merger is expected to close on May 31, 2023. TCRR: Shareholders of TCR2 Therapeutics (TCRR) approved the company’s merger with Adaptimmune Therapeutics (ADAP) at a special meeting of shareholders. CS: According to Bloomberg, Credit Suisse Group (CS) has been notified by the...
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