Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

InsideArbitrage Event Driven Monitor – October 13, 2023

  • October 13, 2023

Subscribe to receive our Event Driven Monitor by email every morning before the market opens.

Merger Arbitrage

  1. ATVI: The UK’s Competition and Markets Authority (CMA) concluded that Microsoft’s (MSFT) acquisition of Activision Blizzard (ATVI) can proceed after Microsoft recently restructured the deal to transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft.
  2. SCU: Sculptor Capital Management said it will accept a sweetened bid from Rithm Capital after the real estate investment firm raised its offer for the hedge fund firm by nearly 8% to roughly $676 million. Rithm will now pay $12 a share, up from $11.15 a share.
  3. ACI: Bloomberg reported, that California is preparing a lawsuit to challenge Kroger’s (KR) planned $24.6 billion acquisition of smaller rival Albertsons (ACI), according to California Attorney General Rob Bonta.

Only plus or premium subscribers can access this post. Subscribe today.