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InsideArbitrage Event Driven Monitor – June 7, 2023

  • June 7, 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 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. UNVR: Shareholders of Univar Solutions (UNVR) approved the company’s merger with Apollo (APO) at a special meeting of shareholders. GLOP: GasLog Partners announced that the special meeting of stockholders will be on July 7, 2023. LSI: Life Storage and Extra Space (EXR) announced that they will each hold a special meeting of their respective stockholders on July 18, 2023, in connection with the mergers. INFI: Infinity Pharmaceuticals announced that the special meeting of stockholders will be on July 14, 2023. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Insider Purchases ZUMZ: Richard...

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