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InsideArbitrage Event Driven Monitor – June 23, 2023

  • June 23, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage CFMS: The acquisition of Conformis (CFMS) by restor3d for -$3.48 million or $2.27 per share in cash. PTRS: Partners Bancorp and LINKBANCORP (LNKB) announced that their shareholders approved the merger of Partners with and into LINK. ATVI: According to Reuters, the FTC will argue in federal court for a preliminary injunction to temporarily block Microsoft’s (MSFT) acquisition of Activision Blizzard, stopping the deal from closing before the government’s case against the deal is heard. The administrative hearing within the FTC is set to begin on August 2, 2023. ATVI: According to The Wall Street Journal, Microsoft (MSFT) squared off against the FTC on Thursday with the beginning of a closely watched hearing that could decide the fate of one of tech’s largest-ever acquisitions. ABST: Absolute Software announced that Institutional Shareholder Services (“ISS”) and Glass Lewis & Co., have recommended Absolute shareholders to vote FOR the plan of arrangement with Crosspoint Capital Partners. IRBT: According to Bloomberg, Amazon’s (AMZN) plan to buy iRobot is headed for an in-depth European Union probe unless the e-commerce firm makes an immediate offer that allays antitrust concerns. HZNP: Reuters reported that the states of California, Minnesota, and Wisconsin...

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