InsideArbitrage Event Driven Monitor – June 15, 2023

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Merger Arbitrage

1. RUTH: Darden Restaurants (DRI) acquired Ruth’s Hospitality Group.
2. HEXO: HEXO Corp. (HEXO) announced that its shareholders approved the previously announced arrangement agreement with Tilray Brands.
3. SGEN: In accordance with the agreement between Seagen (SGEN) and Pfizer (PFE), Pfizer has decided to withdraw its HSR notification and intends to refile it today, June 14, 2023. The statutory waiting period specified in the HSR Act will now expire on July 14, 2023. Additionally, on June 1, 2023, both companies referred the Merger to the European Commission for assessment under Article 4(5) of the EU Merger Regulation.

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