InsideArbitrage Event Driven Monitor – September 11, 2023

  • September 11, 2023
We don’t often come across insider purchases at Broadcom Inc. (AVGO). A director who has been on the board since December 2016 picked up nearly $10 million worth of shares in a direct open market purchase. The last insider purchase at the company was in March 2022 and was tiny in comparison. Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage RTL: Shareholders of Necessity Retail REIT (RTL) approved three proposals that will allow Global Net Lease (GNL) to acquire the company. ACI: Kroger (KR) has agreed to sell 413 stores to C&S Wholesale Grocers in a divestiture designed to help win antitrust approval for its $24.6 billion merger with Albertsons (ACI). SURF: Coherus BioSciences (CHRS) completes the acquisition of Surface Oncology (SURF). VRTV:  Veritiv Corporation (VRTV) by Clayton, Dubilier & Rice, LLC received a Premerger Notification from the Premerger Notification Office of the FTC and the Antitrust Division of the DOJ notifying them that the waiting period under the HSR Act commenced on August 11, 2023. CPRI: Capri Holdings Limited by Tapestry (TPR) made the filings required under the HSR Act on August 31, 2023. CCF: Chase Corporation announced that the waiting period under the HSR Act expired on September 5, 2023. AMED:...

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