InsideArbitrage Event Driven Monitor – September 21, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage CPRI: Capri Holdings Limited announced that the special meeting of shareholders will be held on October 25, 2023. KLR: Kaleyra announced that independent proxy advisory firms Institutional Shareholder Services and Glass, Lewis & Co. have recommended that Kaleyra stockholders vote FOR the approval and adoption of the Merger Agreement and the Merger at the Special Meeting. ESTE: Earthstone Energy established a record date of September 22, 2023, for the special meeting of stockholders of the company to be held on October 30, 2023. DM: According to Reuters, proxy advisory firm Institutional Shareholder Services has recommended Stratasys (SSYS) shareholders to reject the plans to buy Desktop Metal (DM), saying another offer “presents a more convincing route to value creation,”. 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 X: According to Reuters, U.S. Steel Corp (X) is locked in a spat with rival steelmaker Cleveland-Cliffs Inc (CLF) over a confidentiality pact that would allow the latter to participate in a sale process that is underway. Insider Purchases ASAN: Dustin A. Moskovitz, the President and...
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