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InsideArbitrage Event Driven Monitor – July 14, 2023

  • July 14, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage DEN: Denbury to be acquired by Exxon Mobil Corporation (XOM) for $4.9 billion in an all-stock deal. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. GLOP: GasLog completes the acquisition of GasLog Partners (GLOP). TESS: Tessco (TESS) stockholders approved the merger transaction between Tessco and entities affiliated with Lee Equity Partners LLC and Twin Point Capital LLC. The merger is expected to be completed on July 17, 2023. ATVI: Activision Blizzard (ATVI) CCO and EVP of Corporate Affairs Lulu Cheng Meservey mentioned on Twitter that the Turkish Competition Authority (Rekabet Kurumu) ruled in favor of the company’s acquisition by Microsoft (MSFT). GHL: Greenhill & Co announced that the special meeting of stockholders will be on August 16, 2023. REUN: Shareholders of Reunion Neuroscience voted in favour of a special resolution to approve the proposed plan of arrangement, whereby affiliates of MPM BioImpact would acquire Reunion in an all-cash transaction. The Arrangement is expected to be completed on or around July 21, 2023. ATVI: According to Reuters, a U.S. federal court rejected the FTC’s request that it order Microsoft (MSFT) to temporarily hold off...

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