InsideArbitrage Event Driven Monitor – September 26, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage DBTX: The acquisition of Decibel Therapeutics (DBTX) by Regeneron Pharmaceuticals (REGN) was completed on September 25, 2023. It took 47 days for this deal to be completed. MMP: The acquisition of Magellan Midstream Partners (MMP) by ONEOK (OKE) was completed on September 25, 2023. It took 134 days for this deal to be completed. NEWR: New Relic (NEWR) announced that the special meeting of shareholders will be held on November 1, 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 SPRY: Peter Kolchinsky, a Director of biotechnology company Ars Pharmaceuticals, Inc. (SPRY), purchased 2,700,000 shares at an average price of $3.03 totaling $8.18 million. These shares were purchased indirectly through RA Capital Management. ADC: John Rakolt Jr, a Director of retail REIT Agree Realty Corp (ADC), purchased 30,000 shares at an average price of $57.48 totaling $1.72 million. NMRA: Kristina Burow, a Director of biotechnology company Neumora Therapeutics Inc. (NMRA), purchased 100,740 shares at an average price of $11.19 totaling $1.13 million. These shares were purchased indirectly via ARCH...
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