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InsideArbitrage Event Driven Monitor – July 12, 2023

  • July 12, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. 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. SAL: NBT Bancorp (NBTB) announced that it has received regulatory approval to complete the proposed merger of Salisbury Bancorp (SAL). The merger is expected to close on August 11, 2023. PRTK: NexPoint Event Driven Fund issued a demand letter to the Board of Directors of Paratek Pharmaceuticals (PRTK) to make available all books and records surrounding the proposed acquisition of the company in order to investigate whether any board members breached their fiduciary duties in connection with the proposed acquisition. MMP: Magellan Midstream Partners (MMP) announced that it has scheduled a virtual special meeting of...

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