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InsideArbitrage Event Driven Monitor – June 29, 2023

  • June 29, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage KLR: The acquisition of Kaleyra by Tata Communications Limited for $316.2 million or $7.25 per share in cash. CIR: According to Reuters, Arcline Investment Management, a private-equity firm, has put forward a cash offer to acquire Circor International (CIR) at a price of $57 per share. This proposal surpasses a competing bid from KKR & Co (KKR) by an additional $6. The new offer follows Circor International’s rejection of a bid from an undisclosed bidder, opting instead to enter into a $1.7 billion agreement with KKR. XM: Silver Lake and CPP Investments completed the acquisition of Qualtrics International. COOP: Mr. Cooper Group (COOP) extended the expiration date of its offer to acquire Home Point Capital (HMPT) from June 27, 2023, to July 21, 2023. BLU: GSK plc (GSK) completes the acquisition of BELLUS Health (BLU). WTT: Wireless Telecom Group announced that the special meeting of stockholders will be held on August 2, 2023. SIMO: Silicon Motion and MaxLinear (MXL) previously filed under the HSR Act, and the HSR Waiting Period expired on June 27, 2022. However, since the Merger was not consummated by June 27, 2023, clearance under the HSR...

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