InsideArbitrage Event Driven Monitor – September 19, 2023

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Merger Arbitrage

1. GPP: Green Plains Partners to be acquired by Green Plains (GPRE) for a closing value of $476.64 million in a cash-plus stock deal. Under the merger agreement, each outstanding common unit of Green Plains and its affiliates that do not already own will be converted into the right to receive 0.405 shares of Green Plains common stock and $2.00 in cash, plus an amount of cash equal to unpaid distributions from the end of the last quarter for which a quarterly distribution was made to the closing date, as determined in accordance with the merger agreement, without interest.
2. VRTV: Veritiv Corporation announced that the waiting period under the HSR Act expired on September 11, 2023. The special meeting of shareholders will be held on October 17, 2023.
3. PRTK: Paratek Pharmaceuticals announced that its stockholders have approved the merger agreement proposal, in connection with the previously announced definitive agreement to be acquired by Gurnet Point Capital.

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