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InsideArbitrage Event Driven Monitor – June 15, 2023

  • June 15, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage RUTH: Darden Restaurants (DRI) acquired Ruth’s Hospitality Group. HEXO: HEXO Corp. (HEXO) announced that its shareholders approved the previously announced arrangement agreement with Tilray Brands. 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. SPPI: Spectrum Pharmaceuticals (SPPI) announced that the special meeting of stockholders will be on July 27, 2023. ATVI: According to a court filing, Microsoft (MSFT) and Activision (ATVI) are asking a federal judge to hold at least a five-day hearing on the Federal Trade Commission’s request for a preliminary injunction to block the videogame deal. SYNH: Syneos Health (SYNH) and Star Parent, Inc. and their respective affiliates filed their HSR Act notifications on May 24, 2023. The 30-day HSR waiting period with respect to the Merger, is expected to expire on June 23, 2023. You can check out new deals,...

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