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InsideArbitrage Event Driven Monitor – August 11, 2023

  • August 11, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage CPRI: Capri Holdings Limited to be acquired by Tapestry (TPR) for $8.5 billion or $57 per share in cash. ARCE: Arco Platform Limited to be acquired by Achieve Holdings for $1.5 billion or $14 per share in cash. HCCI: Heritage-Crystal Clean (HCCI) and J.F. Lehman & Company filed their notifications under the HSR Act on August 2, 2023. AMED: Amedisys and UnitedHealth Group (UNH) received a request for additional information (a “second request”) under the HSR Act from the U.S. Department of Justice relating to the Merger on August 4, 2023, extending the HSR Act waiting period until the parties have substantially complied with the second request. The special meeting of stockholders will be on September 8, 2023. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Insider Purchases MODV: Christopher Shackelton, a Director of healthcare services company Modivcare Inc. (MODV), purchased 435,893 shares at an average price of $35.74 totaling $15.58 million. These shares were purchased indirectly through Coliseum Capital Management. THS: Scott Ostfeld, a Director of packaged foods company Treehouse Foods Inc. (THS),...

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