InsideArbitrage Event Driven Monitor – June 7, 2023

Quick updates on the event driven strategies we follow on InsideArbitrage.

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Merger Arbitrage

1. PRTK: The acquisition of Paratek Pharmaceuticals by Gurnet Point Capital and Novo Holdings A/S for $462 million. Under the terms of the merger agreement, Gurnet Point will acquire all outstanding shares of Paratek for $2.15 per share in cash, plus a CVR of $0.85 per share payable upon the achievement of $320 million in U.S. NUZYRA net sales in any calendar year ending on or prior to December 31, 2026.
2. UNVR: Shareholders of Univar Solutions (UNVR) approved the company’s merger with Apollo (APO) at a special meeting of shareholders.
3. GLOP: GasLog Partners announced that the special meeting of stockholders will be on July 7, 2023.

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