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InsideArbitrage Event Driven Monitor – September 20, 2023

  • September 20, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage CATC: The merger of Cambridge Bancorp with Eastern Bankshares, Inc. (EBC) for $528 million in an all stock deal. Under the terms of the merger agreement, each share of Cambridge common stock will be exchanged for 4.956 shares of Eastern common stock. TRTN: Brookfield Infrastructure Partners (BIP) and Triton International Limited (TRTN) announced that, following clearance from CFIUS on September 18, 2023, all regulatory approvals required to complete the previously announced acquisition of Triton by Brookfield Infrastructure have now been received. The parties currently anticipate the transaction will close on September 28, 2023. LMNL: Liminal BioSciences received the final order of the Ontario Superior Court of Justice approving the previously announced plan of arrangement with Structured Alpha. The deal is expected to be completed on or about September 26, 2023. ATVI: According to Reuters, British business minister Kemi Badenoch said on Tuesday she did not agree with Microsoft (MSFT) President Brad Smith that the Competition and Market Authority’s initial decision to block its purchase of videogame maker Activision (ATVI) was bad for Britain. You can check out new deals, all deal updates, and spreads on active deals in our...

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