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InsideArbitrage Event Driven Monitor – June 28, 2023

  • June 28, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage CIR: CIRCOR International (CIR) announced that it has accepted a proposal from KKR to increase the price of its previously announced definitive merger agreement with CIRCOR from $49 to $51 per common share in cash, an increase of $2 per share. The all-cash transaction will be valued at $1.7 billion, including the assumption of debt. BGRY: Berkshire Grey announced that the special meeting of stockholders will be held on July 18, 2023. SYNH: Syneos Health announced that the special meeting of stockholders will be held on August 2, 2023. 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 AEL: Brookfield Reinsurance arm (BNRE) submits a proposal to acquire American Equity Investment Life Holding (AEL) for $4.3 billion. SSYS: 3D Systems (DDD) submits an enhanced proposal to the Board of Directors of Stratasys (SSYS) to combine the two companies in a cash and stock transaction that would convert each Stratasys ordinary share into $7.50 in cash and 1.3223 newly issued shares of 3D Systems common stock....

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