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InsideArbitrage Event Driven Monitor – July 6, 2023

  • July 6, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage AEL: American Equity Investment Life Holding Company to be acquired by Brookfield Reinsurance (BNRE) for $4.3 billion in a cash-plus stock deal. Under the terms of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield Asset Management Ltd. (BAM) class A limited voting share. DSEY: Solenis completed the acquisition of Diversey Holdings. FRG: Franchise Group and members of the senior management team of Franchise Group led by Brian Kahn made the required filings under the HSR Act with the FTC and the DOJ on May 24, 2023, and the initial 30-day waiting period expired on June 23, 2023. PDCE: PDC Energy and Chevron (CVX) announced that the waiting period under the HSR Act with respect to the Merger expired on July 5, 2023. CIR: CIRCOR International and KKR & Co (KKR) filed their notification and report forms with the FTC and DOJ on June 20, 2023. SAVE: Bloomberg reported that JetBlue Airways (JBLU) is ending a legal fight to keep its regional alliance with American Airlines Group (AAL) in an attempt to win regulatory support for its acquisition of Spirit...

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