InsideArbitrage Event Driven Monitor – August 21, 2023

  • August 21, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage ARNC: Apollo Global Management (APO) completes the acquisition of Arconic Corporation (ARNC). UBP: Regency Centers Corporation (REG) completes the acquisition of Urstadt Biddle Properties (UBP). 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 SCU: According to Bloomberg, Sculptor Capital Management (SCU) rejects an unsolicited bid from a group of hedge fund giants including Boaz Weinstein, Marc Lasry and Bill Ackman. Insider Purchases HHC: Bill Ackman, a Director of diversified real estate company Howard Hughes Corp. (HHC), purchased 16,363 shares at an average price of $74.81 totaling $1.22 million. These shares were made indirectly through Pershing Square Capital. PGRE: Albert P. Behler, the Chairman and CEO of office REIT Paramount Group Inc. (PGRE), purchased 70,000 shares at an average price of $4.66 totaling $326,490. FWRD: C Robert Campbell, a Director of transportation services for air freight company Forward Air Corp. (FWRD), purchased 5,000 shares at an average price of $64.33 totaling $321,650. Many other insiders purchased shares, with the next largest purchase coming from Director Ronald...

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