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InsideArbitrage Event Driven Monitor – September 14, 2023

  • September 14, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage SOVO: Sovos Brands announced that the special meeting of shareholders will be held on October 16, 2023. NEWR: New Relic and Francisco Partners made the filings required under the HSR Act on August 11, 2023, and the applicable waiting period under the HSR Act expired on September 11, 2023. New Relic also announced that the “go-shop” period concluded on September 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 NM: Navios Maritime receives a $1.84 per share buyout offer from N Shipmanagement Acquisition. SSYS: 3D Systems (DDD) submits a binding offer to Stratasys (SSYS). Insider Purchases MODV: Christopher Shackelton, a Director of medical care facilities company Modivcare Inc (MODV), purchased 213,248 shares at an average price of $29.82 totaling $6.36 million. These shares were acquired indirectly through Coliseum Capital Management. SMLR: Eric Semler, a Director of medical devices company Semler Scientific, Inc. (SMLR), purchased 77,771 shares at an average price of $27.61 totaling $2.15 million. MEG: Fernandez de Castro, a Director of waste management company Montrose Environmental Group, Inc....

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