InsideArbitrage Event Driven Monitor – July 19, 2023

  • July 19, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage ATVI: According to Reuters, twenty-two Republican lawmakers urged the FTC to drop its fight against Microsoft’s (MSFT) deal to buy video game maker Activision Blizzard (ATVI), calling it “an example of the FTC’s rejection of sound antitrust policy.” ATVI: According to The Wall Street Journal, Microsoft (MSFT) and Activision Blizzard (ATVI) plan to continue work to resolve lingering regulatory issues as the deadline to close the merger approaches. NGMS: NeoGames announced today that its shareholders have approved the adoption of the previously announced business combination agreement with Aristocrat Leisure Limited. MDWT: Midwest Holding (MDWT) announced that leading independent proxy advisory firms Institutional Shareholder Services, and Glass, Lewis & Co. recommended that Midwest shareholders vote “FOR” the proposed acquisition of Midwest by Antarctica Capital. LSI: Life Storage and Extra Space Storage (EXR) announced that their stockholders voted, separately, to approve the proposed merger at their respective special meetings. 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 CHEK: Symetryx Corporation announced a non-binding proposal to acquire Check-Cap (CHEK) for $4.35 per share in cash. Insider...

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