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InsideArbitrage Event Driven Monitor – October 16, 2023

  • October 16, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage ATVI: Microsoft Corporation (MSFT) completed the acquisition of Activision Blizzard (ATVI). PFIN: P&F Industries, Inc. to be acquired by ShoreView Industries for $60.86 million or $13 per share in cash. PCTI: PCTEL, Inc. to be acquired by Amphenol Corporation (APH) for $139.7 million or $7 per share in cash. PTRS: LINKBANCORP (LNKB) and Partners Bancorp (PTRS) announced receipt of required regulatory approvals from the Federal Deposit Insurance Corporation, the Pennsylvania Department of Banking and Securities, the Virginia State Corporation Commission, the Delaware Office of the State Bank Commissioner and the Maryland Office of the Commissioner of Financial Regulation  in order to complete their previously announced merger. The deal is expected to be completed in the fourth quarter of 2023. SAVE: According to a court filing, the DOJ’s trial to block JetBlue’s (JBLU) planned purchase of Spirit Airlines (SAVE) has been delayed for a second week until October 30. THRN: Thorne HealthTech and L Catterton announced that the tender offer to purchase all of the issued and outstanding shares of Thorne’s common stock expired as scheduled on October 12, 2023. The parties expect to consummate the acquisition on October 16, 2023. You can check...

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