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The Ball is in Microsoft’s Court – InsideArbitrage Friday Wrap

  • July 21, 2023


Our list of curated tweets for the current week

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Special Situations

Big proposal for folks doing M&A or common ownership research.

The FTC has withdrawn it's case against Microsoft Activision Blizzard from their in-house court.

Assuming merger is completed with $MSFT by October, if you buy 100 shares of $ATVI now, you’ll get $95/share + $0.99/share dividend for a total return of $3.66/share in about 2 months.

CMA chief executive Sarah Cardell says the UK regulator is still waiting on Microsoft's final proposal for a restructured Activision Blizzard deal.

ICYMI, a very positive turn in $BKI $ICE y'day as the Optimal Blue divest came ahead of the FTC trial.

If $ICE + $BKI merger goes through $CSU will be picking up almost $1 billion in assets. Empower + Optimal Blue. Mega.

Another big hurdle for the @Broadcom + @VMware deal has been cleared with the CMA (UK Competition Authority) giving its approval.

EU regulators extend Amazon, iRobot decision deadline to Dec. 13


Diversified Healthcare Trust: Flat Footed LLC Issues Statement Regarding Growing Shareholder Opposition

Stratasys Board of Directors Unanimously Rejects Nano Dimension’s (NNDM) $25.00 Revised Partial Tender Offer

Heritage Crystal $HCCI, a small cap, under the radar, onshoring beneficiary we discussed with Jags on June 7th is getting acquired after hours for $45/share.

$prds another biostock taken out of its misery.

Glencore buyout offer for $PLM at $2.11. The stock goes up 151%.

Reunion Neuroscience On The Brink Of Going Private With Final Court Approval

KKR Nears Deal For Specialty-Chemicals Company Chase

Elliott Investment Management has built a significant stake in Catalent and is pushing for a shake-up on the contract drugmaker’s board

After months of talks, Western Digital and Japanese firm Kioxia aim to reach a merger agreement by August

$AWI Armstrong World Industries boosts share repurchase program by $500 million, represents around 15% of its market cap at announcement!

$BIO Bio-Rad Laboratories approves a new $500 million share repurchase program

Novartis on Tuesday raised its full-year earnings guidance and announced a new share repurchase programme on strong drug sales.

The board also endorsed plans to spin off its generic medicines unit Sandoz early in the fourth quarter, subject to shareholder approval.


Scholastic Corp reports Q4 results, misses on revs, approves $100 mln increase in share repurchase authorization $SCHL up 7.8%

FedEx hired John Dietrich, the former head of an aircraft-leasing company, as its new chief financial officer amid a sweeping plan to restructure the company and slash costs

On July 14, 2023, Lennar Corporation $LEN announced Rick Beckwitt Co-CEO and Co-President has decided to retire and resign as a member of the Board of Directors effective September 1, 2023.


In 2023, you can only put $6,500 into a Roth IRA.

Going back to inception of oldest retail index family (Russell) in 1979, every single Dimensional US Index (upon which their funds are based) has beat every single Russell Index.

@BillBrewsterTBB was kind enough to invite @cfrischer1 and I on to one my fave podcasts to talk about each of our biggest positions, Fairfax Financial.

Tesla shares down ~5% after hours after Q2 earnings call disappoints.

Private-equity giant Blackstone became the first among its peers to reach $1 trillion in assets under management in the second quarter.

$dfs tumbled more than 13% in after-hours trading on Wednesday after its Q earnings fell short of expectations

The CEOs of Nvidia, Intel and Qualcomm met with senior US officials Monday to voice concerns over new #semiconductor rules that threaten sales to China

The U.S. Economy

Distressed US Offices Jump to $24.8 Billion, More Than Malls

US JUNE LEADING INDICATOR FALLS 0.7% M/M; EST. -0.6% (15th straight drop)

Currently there is the highest debt-to-income ratio in US housing since 2007, per FOX.

The average 30-year fixed mortgage rate jumps back to 7.00%.

Sales of previously owned US homes fell to a five-month low in June on limited inventory, helping to push selling prices near a record high

The rally in homebuilding stocks has hit a stumbling block after results from industry bellwether D.R. Horton missed some lofty investor expectations