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InsideArbitrage Event Driven Monitor – August 18, 2023

  • August 18, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage CELL: PhenomeX to be acquired by Bruker Corporation (BRKR) for $40.14 million or $1 per share in cash. FRG: Franchise Group (FRG) announced that its stockholders approved all proposals related to the proposed acquisition of the company. PRDS: Pardes Biosciences and MediPacific determined that the Additional Price Per Share, based on Pardes’ expected net cash, is $0.11 per share. Accordingly, the total cash amount that Purchaser will pay pursuant to the terms of the Offer and the Merger Agreement is $2.13 per share. MediPacific also extended the Offer’s expiration date to August 30, 2023. GHL: Greenhill & Co. announced that its shareholders approved the previously announced merger agreement with Mizuho Financial Group (MFG). UBP: Urstadt Biddle Properties announced that its shareholders approved the previously announced merger agreement with Regency Centers Corporation (REG). You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deals In The Works LL: LL Flooring Holdings (LL) founder Tom Sullivan withdrew his proposal to buy the flooring business. Insider Purchases ASLE: Nicolas Finazzo, the Chairman and CEO of aircraft supplier and aircraft services...

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