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InsideArbitrage Event Driven Monitor – October 11, 2023

  • October 11, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage PXD: Pioneer Natural Resources Company to be acquired by Exxon Mobil Corporation (XOM) for $64.5 billion in an all-stock deal. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing. SRT: Startek, Inc. to be acquired by Capital Square Partners for $217 million or $4.30 per share in cash. MIXT: The business combination between MiX Telematics Limited (MIXT) and PowerFleet, Inc. (PWFL) for $140 million in an all-stock deal.  Under the terms of the agreement, MiX shareholders will own approximately 65%, and current Powerfleet shareholders will own approximately 35% of the combined entity immediately following the closing of the transaction. CWBC: Community West Bancshares and Central Valley Community Bancorp (CVCY) to merge in an all-stock deal in a transaction valued at $99.4 million. Under the terms of the agreement, Community West Bancshares shareholders will be entitled to receive 0.79 shares of Central Valley Community Bancorp common stock for each share of Community West Bancshares common stock. ATVI: Taiwan FTC approved the acquisition of Activision Blizzard (ATVI) by Microsoft (MSFT), stating that the deal complies with the...

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