InsideArbitrage Event Driven Monitor – July 31, 2023

  • July 31, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage RETA: Reata Pharmaceuticals to be acquired by Biogen (BIIB) for $7.3 billion or $172.50 per share in cash. AJRD: L3Harris Technologies (LHX) completes the acquisition of Aerojet Rocketdyne Holdings (AJRD). NEX: NexTier Oilfield Solutions (NEX) and Patterson-UTI Energy (PTEN) announced the expiration of the waiting period under the HSR Act, in connection with the previously announced all-stock merger of equals transaction. HMPT: Home Point Financial Corporation, a wholly-owned subsidiary of Home Point Capital, completed the sale of certain mortgage servicing rights held by HPF to Nationstar Mortgage LLC, a wholly-owned subsidiary of Mr. Cooper Group (COOP) for the Bulk Purchase and Sale of Mortgage Servicing Rights, dated as of May 10, 2023. PRTK: Paratek Pharmaceuticals (PRTK), Gurnet Point Capital and Novo Holdings A/S announced the expiration of the waiting period under the HSR Act. 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 SSYS: Nano Dimension (NNDM) withdrew its $25 per share special tender offer for Stratasys (SSYS). Insider Purchases ASAN: Dustin A. Moskovitz, the President, CEO, & Chair of...

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