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InsideArbitrage Event Driven Monitor – August 9, 2023

  • August 9, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage SATS: The combination of EchoStar Corporation (SATS) and DISH Network Corporation (DISH) for $1.89 billion in an all stock deal. Under the terms of the agreement, EchoStar Corporation stockholders will receive 2.85 shares of DISH Network common stock for each share of EchoStar Corporation common stock. WMC: Western Asset Mortgage Capital Corporation to be acquired by AG Mortgage Investment Trust (MITT) for $61.53 million in an all stock deal. Under the terms of the agreement, each share of WMC common stock will be converted at closing into the right to receive 1.5 shares of MITT common stock. SCPL: SciPlay Corporation to be acquired by Light & Wonder, Inc. (LNW) for $709.34 million or $22.95 per share in cash. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Insider Purchases AXTA: Chris Villavarayan, the CEO and President of liquid and powder coatings company Axalta Coating Systems Ltd. (AXTA), purchased 33,710 shares at an average price of $29.67 totaling $1.00 million. SKLZ: Andrew Paradise, the CEO of esports company Skillz Inc. (SKLZ),...

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