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InsideArbitrage Event Driven Monitor – October 23, 2023

  • October 23, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage TGH: Textainer Group Holdings Limited to be acquired by Stonepeak for $7.4 billion or $50 per share in cash. AJX: Great Ajax and Ellington Financial (EFC) agreed to terminate the merger agreement. AVID: Avid Technology announced that it has received all required regulatory approvals and clearances set forth in the Merger Agreement to complete the merger with an affiliate of STG. VMW: Broadcom’s (AVGO) planned purchase of VMware (VMW) received approval from South Korea. SQNS: Sequans Communications (SQNS) and Renesas Electronics Corporation announced that Renesas has extended the expiration date of its tender offer to acquire all of the outstanding ordinary shares of Sequans to November 6, 2023. NXGN: NextGen Healthcare, Inc. announced that the waiting period under the HSR Act expired on October 19, 2023. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deal in the Works SUM: Summit Materials (SUM) received a letter from a representative of Company A withdrawing the revised Company A proposal of $38 per share. Bloomberg reported on Friday that Heidelberg Materials AG is the mystery bidder. Insider Purchases CET: Andrew...

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