InsideArbitrage Event Driven Monitor – July 12, 2023
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Merger Arbitrage
- ATVI: According to Bloomberg, Microsoft (MSFT) won a court’s okay to move forward with its deal to buy Activision Blizzard (ATVI), defeating an effort by the US FTC to block the largest-ever gaming deal.
- AJRD: According to Reuters, U.S. Senator Elizabeth Warren joined three other lawmakers to urge the Defense Department to thoroughly review defense contractor L3Harris Technologies’ (LHX) $4.7 billion deal for Aerojet Rocketdyne Holdings (AJRD).
- VMW: According to Bloomberg, Broadcom’s (AVGO) acquisition of VMware (VMW) is poised to be approved by European Union’s merger officials, paving the way for the world’s biggest-ever takeover for a semiconductor maker.
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