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InsideArbitrage Event Driven Monitor – August 8, 2023

  • August 8, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage SOVO: Sovos Brands to be acquired by Campbell Soup Company (CPB) for $2.7 billion or $23 per share in cash. VRTV: Veritiv Corporation to be acquired by Clayton, Dubilier & Rice, LLC for $2.48 billion or $170 per share in cash. TRHC: Tabula Rasa HealthCare to be acquired by ExactCare Pharmacy, a portfolio company of Nautic, for $570 million or $10.50 per share in cash. FRGI: Fiesta Restaurant Group to be acquired by Authentic Restaurant Brands, a portfolio company of Garnett Station Partners, LLC, for $368.72 million or $8.50 per share in cash. SQNS: Sequans Communications S.A. to be acquired by Renesas Electronics Corporation for $249 million. Under the terms of the MoU, Renesas will initiate a cash tender offer of $3.03 per Sequans ADS. PDCE: Chevron Corporation (CVX) completes the acquisition of PDC Energy (PDCE). ATVI: New Zealand’s Commerce Commission gave its official approval for Microsoft’s (MSFT) proposed acquisition of Activision Blizzard (ATVI). SIMO: Silicon Motion Technology Corporation issued a written notice to MaxLinear (MXL) categorically rejecting MaxLinear’s purported termination of the Merger Agreement, and the assertions made by MaxLinear, in its letter of July 26, 2023....

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