InsideArbitrage Event Driven Monitor – August 29, 2023

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Merger Arbitrage

1. HT: Hersha Hospitality Trust (HT) to be acquired by KSL Capital Partners, LLC for $1.4 billion or $10 per share in cash.
2. THRN: Thorne HealthTech to be acquired by L Catterton for $680 million or $10.20 per share in cash.
3. RPT: RPT Realty to be acquired by Kimco Realty (KIM) for $2 billion in an all-stock deal. Under the terms of the agreement, RPT shareholders will receive 0.6049 of a newly issued Kimco share for each RPT share they own.

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