InsideArbitrage Event Driven Monitor – October 20, 2023

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Merger Arbitrage

1. SGEN: Seagen and Pfizer (PFE) received approval from the European Commission. The merger is expected to be completed in late 2023 or early 2024.
2. VMW: According to a Financial Times report, China’s State Administration for Market Regulation will likely delay approving the VMware (VMW) acquisition by Broadcom (AVGO), especially after the U.S. moves on tougher chip controls.
3. CD: Chindata Group Holdings Limited (CD) announced that it has called an extraordinary general meeting of shareholders, to be held on December 4, 2023.

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