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InsideArbitrage Event Driven Monitor – June 14, 2023

  • June 14, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage ATVI: Microsoft’s (MSFT) acquisition of Activision Blizzard (ATVI) was temporarily blocked by a federal judge in California who said a temporary restraining order was necessary to maintain the status quo while the Federal Trade Commission challenges the deal. ACI: The International Brotherhood of Teamsters is formally opposing the merger of The Kroger Company (KR) and Albertsons Companies (ACI) currently under review at the FTC. The Teamsters represent more than 22,000 members across both companies’ stores, distribution centers, and manufacturing plants nationwide. HSKA: Mars, Incorporated completed the acquisition of Heska Corporation (HSKA). DHC: Flat Footed LLC, a significant shareholder of Diversified Healthcare Trust with ownership of approximately 9.7% of the company’s outstanding common shares, has raised concerns about the recent accumulation of shares by Adam D. Portnoy. 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 EHAB: Investor AREX Capital Management pushes home health and hospice provider Enhabit (EHAB) to explore a sale. LL: Howard Jonas Consortium pushes LL Flooring (LL) to engage in the sale process with F9 Group....

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