InsideArbitrage Event Driven Monitor – July 7, 2023

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Merger Arbitrage

1. MLVF: First Bank (FRBA) and Malvern Bancorp announced receipt of regulatory approvals from the Federal Deposit Insurance Corporation, the New Jersey Department of Banking and Insurance, and the Pennsylvania Department of Banking and Securities, as well as non-objection from the Board of Governors of the Federal Reserve System, to complete the previously announced acquisition under which First Bank will acquire Malvern Bancorp. The Merger is anticipated to close by mid-July 2023.
2. 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 Airlines.
3. TRTN: Triton International Limited (TRTN) announced that the special meeting of stockholders will be on August 24, 2023.

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