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InsideArbitrage Event Driven Monitor – July 11, 2023

  • July 11, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage DM: Nano Dimension (NNDM) boosted its special tender offer price for Stratasys (SSYS) to $24 per share from $20.05. In response to the offer, CEO Yoav Zeif said that the company’s Board will review and evaluate the revised partial tender offer and that the unanimous approval, recommendation, and declaration of the advisability of the company’s combination with Desktop Metal (DM) by the Stratasys Board remains unchanged. FORG: According to Reuters, The U.S. Department of Justice (DOJ) is nearing a decision on whether to challenge private equity firm Thoma Bravo’s $2.3 billion buyout deal for ForgeRock (FORG). KDNY: Chinook Therapeutics (KDNY) announced that the special meeting of stockholders will be on August 2, 2023. According to the CES filing, filed on July 10, Novartis (NVS) and Chinook were to file their PreMerger Notification and Report Forms on or before June 30, 2023, in connection with the Merger. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deal in the works CD:  China Merchants Group has made a $3.4 billion takeover bid for Chindata Group...

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