InsideArbitrage Event Driven Monitor – May 5, 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

1. Arconic Corporation (ARNC) to be acquired by Apollo Global Management (APO) for $5.2 billion or $30 per share in cash.
2. TD Bank Group (TD) and First Horizon Corporation (FHN) entered into a mutual agreement to terminate their previously announced merger agreement. TD informed First Horizon that it does not have a timetable for regulatory approvals to be obtained for reasons unrelated to First Horizon.
3. Concentra Biosciences completes the acquisition of Jounce Therapeutics (JNCE).

Only plus or premium subscribers can access this post. Subscribe today.