InsideArbitrage Event Driven Monitor – August 7, 2023

  • August 7, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage WTT: Maury Microwave completed the acquisition of Wireless Telecom Group. PDCE: PDC Energy announced that its shareholders voted to approve the previously announced merger agreement with Chevron (CVX). KLR: Kaleyra by Tata Communications Limited filed their respective notification and report forms under the HSR Act on July 13, 2023. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deal in the Works USM:  The boards of directors of Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) have each decided to initiate a process to explore strategic alternatives for UScellular. FRGI: According to The Wall Street Journal, Authentic Restaurant Brands plans to buy Pollo Tropical restaurant parent Fiesta Restaurant Group (FRGI) for $225 million. CD: According to Bloomberg, Bain Capital is moving closer to a potential agreement to take Chindata Group Holdings (CD) private. Insider Purchases KDP: Karin Rotem-Wildeman, the Chief R&D Officer of beverages company Keurig Dr Pepper Inc. (KDP), purchased 52,884 shares at an average price of $34.32 totaling $1.82 million. ADC: Richard Agree, the Executive Chairman of retail REIT...

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