InsideArbitrage Event Driven Monitor – June 5, 2023
Quick updates on the event driven strategies we follow on InsideArbitrage. Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage ARNC: Arconic Corporation (ARNC) and Apollo Global Management (APO) made the filings required under the HSR Act on May 16, 2023, and the initial waiting period will expire on June 15, 2023. HSKA: Heska Corporation (HSKA) received the final outstanding regulatory clearance required to consummate the transactions contemplated by the Merger Agreement. The Company expects to close the Merger on or around June 13, 2023, subject to receipt of the company stockholder approval at the special meeting of Stockholders to be held on June 7, 2023. IRBT: EU antitrust regulators will decide by July 6 whether to clear Amazon’s (AMZN) acquisition of iRobot (IRBT), according to a European Commission filing. TSEM: During the TD Cowen Technology, Media, and Telecom conference, Intel’s (INTC) CFO, David Zinsner, was asked about the potential outcome if the Tower Semi (TSEM) deal falls through. In response, Zinsner expressed confidence in the company’s ability to succeed, stating, “If, for reasons out of our control, that doesn’t happen, though I think we have all the elements and Pat has done a good job shifting...
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