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InsideArbitrage Event Driven Monitor – September 18, 2023

  • September 18, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage LMNL: Liminal BioSciences (LMNL) announced that its shareholders have approved the previously announced plan of arrangement with Structured Alpha LP. KLR: Kaleyra announced that the special meeting of shareholders will be held on September 28, 2023. ATVI: On July 18, 2023, the Board of Directors of Activision Blizzard (ATVI) declared a cash dividend of $0.99 per share, payable on August 17, 2023, to shareholders of record at the close of business on August 2, 2023. Taking this into consideration, we have adjusted the closing price for this deal back down to $95. SGEN: The European Commission has set October 19 as a deadline to complete its initial review of Pfizer’s (PFE) planned acquisition of Seagen (SGEN). AVID: Avid Technology (AVID) announced that the special meeting of shareholders will be held on November 2, 2023. 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 IOVA: Wayne P. Rothbaum, a Director of biotech company Iovance Biotherapeutics Inc. (IOVA), purchased 5,000,000 shares at an average price of $5.30 totaling $26.50 million. MODV: Christopher Shackelton, a Director of healthcare services company...

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