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InsideArbitrage Event Driven Monitor – June 30, 2023

  • June 30, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage SGTX: Sigilon Therapeutics (SGTX) to be acquired by Eli Lilly and Company (LLY) for $34.6 million or $14.92 per share in cash plus one non-tradeable contingent value right (“CVR”) per share that entitles the holder to receive up to an additional $111.64 per share in cash, for a total potential consideration of up to $126.56 per share in cash without interest. INDT: Centerbridge Partners complete the acquisition of INDUS Realty Trust. VECT: Ironwood Pharmaceuticals (IRWD) and VectivBio Holding AG (VECT) announced the successful completion of the tender offer. ATVI: A UK court has rejected the request made by the country’s antitrust regulator to postpone a hearing regarding Microsoft’s (MSFT) appeal against the regulatory body’s decision to block its acquisition of Activision. CIR: CIRCOR International amended its definitive merger agreement with KKR to acquire the company for $56.00 per share in cash, an increase of 9.8% over KKR’s bid of $51.00 per share on June 26, 2023. Under the terms of the Amended Agreement, in addition to receiving $56.00 per share, CIRCOR stockholders will, subject to certain conditions, receive additional cash consideration from KKR if the transaction has...

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