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InsideArbitrage Event Driven Monitor – October 3, 2023

  • October 3, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage ABCM: Dr. Jonathan Milner, the founder of Abcam (ABCM) with a 6.15% ownership in the company, issued an open letter to the company’s shareholders announcing his “Vote AGAINST” campaign and providing them with the opportunity to send a clear message to the Board that they are dissatisfied with the proposed acquisition of Abcam by Danaher Corporation (DHR). CELL: The acquisition of PhenomeX (CELL) by Bruker Corporation (BRKR) was completed on October 2, 2023. It took 46 days for this deal to be completed. NEWR: The European Commission announced that it has set a provisional deadline of November 7, 2023,  to review and rule on the proposed acquisition of New Relic by Francisco Partners and TPG. ACI: Axios reported that the Federal Trade Commission is likely to challenge the Kroger (KR) and Albertsons (ACI) merger, said former FTC policy director David Balto and a source familiar with the FTC’s thinking. HZNP: According to a delisting notice, Horizon Therapeutics (HZNP) is scheduled to be halted in the after-hours session on Thursday, October 5, 2023, if the Irish High Court sanctions the scheme of arrangement at the court hearing. If the court...

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