InsideArbitrage Event Driven Monitor – June 1, 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 MNTV: Symphony Technology Group completed the acquisition of Momentive Global. RUTH: Ruth’s Hospitality Group (RUTH) and Darden Restaurants (DRI) filed notifications under the HSR Act with the Antitrust Division and the FTC on May 15, 2023. The waiting period under the HSR Act expired on May 30, 2023. KBAL: Kimball International (KBAL) announced that its shareholders approved the adoption of the merger agreement with HNI Corporation (HNI). The transaction is expected to close on June 1, 2023. BRMK: Ready Capital Corporation (RC) completed the acquisition of Broadmark Realty Capital. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Insider Purchases CNX: Bernard Lanigan, a Director of natural gas exploration, development, and production company CNX Resources Corp (CNX), purchased 137,835 shares at an average price of $15.24 totaling $2.10 million. ALGN: Kevin J. Dallas, a Director of dental devices company Align Technology Inc (ALGN), purchased 7,000 shares at an average price of $285.26 totaling $2.00 million. NSA: Arlen Nordhagen, the Vice Chair...
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