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InsideArbitrage Event Driven Monitor – July 4, 2023

  • July 4, 2023
Happy Independence Day! Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage AJX: Great Ajax Corp. to be acquired by Ellington Financial (EFC) in an all stock deal. Under the terms of the agreement, Great Ajax common stock will be converted into 0.5308 shares of Ellington Financial common stock. ATVI: The Competition Tribunal of South Africa confirmed that it has unconditionally approved Microsoft’s (MSFT) proposed acquisition of Activision Blizzard (ATVI). KNX: Knight-Swift Transportation Holdings (KNX) completes the acquisition of U.S. Xpress Enterprises (USX). 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 PLM: PolyMet Mining (PLM) announced that it received a non-binding proposal from Glencore AG to acquire all outstanding shares for cash consideration of $2.11 per share. Insider Purchases NHC: Richard F. Laroche, a Director of medical care facilities company National Healthcare Corp (NHC), purchased 2,100 shares at an average price of $61.40 totaling $128,944. LSAK: Antony Ball, a Director of South Africa based payments company Lesaka Technologies Inc (LSAK), purchased 7,303 shares at an average price of $3.57 totaling $26,072. These shares were purchased indirectly through...

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