InsideArbitrage Event Driven Monitor – August 3, 2023

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Merger Arbitrage

1. SYNH: Syneos Health announced that the company’s stockholders approved the agreement to take the company private through an acquisition by a consortium of private investment firm affiliates composed of Elliott Investment Management, Patient Square Capital, and Veritas Capital.
2. EMBK: Applied Intuition completed the acquisition of Embark Technology (EMBK).
3. DHC: Flat Footed LLC, a top shareholder of Diversified Healthcare Trust (DHC) released a presentation detailing why shareholders should reject the proposed merger with Office Properties Income Trust (OPI).

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