×

Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

InsideArbitrage Event Driven Monitor – August 23, 2023

  • August 23, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage RETA: Reata Pharmaceuticals announced that the special meeting of shareholders to consider and vote upon a proposal to approve and adopt the agreement and plan of merger with Biogen (BIIB) will be held on September 21, 2023. 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 X: Cleveland-Cliffs demands U.S. Steel (X) to reveal all buyout offers – Reuters Insider Purchases MRCY: Scott Ostfeld, a Director of aerospace & defense company Mercury Systems Inc (MRCY), purchased 50,000 shares at an average price of $38.05 totaling $1.90 million. These shares were acquired indirectly through JANA Partners. Three other insiders including the CEO and two directors also purchased shares. HHH: Bill Ackman, a Director of company Howard Hughes Holdings Inc. (HHH), purchased 16,363 shares at an average price of $74.81 totaling $1.22 million. These shares were acquired indirectly through Pershing Square Capital. RILY: Bryant R. Riley, the Chairman and Co-CEO of mid-market investment firm B. Riley Financial, Inc. (RILY), purchased 25,000 shares at an average price of $47.31 totaling...

Only plus or premium subscribers can access this post. Subscribe today.