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InsideArbitrage Event Driven Monitor – October 30, 2023

  • October 30, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage WMC: Western Asset Mortgage Capital Corporation announced that proxy advisory firm Institutional Shareholder Services recommends that stockholders vote “FOR” the proposed merger with AG Mortgage Investment Trust, Inc. PLM: PolyMet Mining announced that the special meeting of shareholders will be held on November 1, 2023. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Insider Purchases HHH: Bill Ackman, a Director of diversified real estate company Howard Hughes Holdings Inc. (HHH), purchased 116,070 shares at an average price of $66.88 totaling $7.76 million. These shares were acquired indirectly through Pershing Square Capital. MTB: Daryl N. Bible, the Sr. EVP & CFO of regional bank M&T Bank Corp (MTB), purchased 5,000 shares at an average price of $111.04 totaling $555,218. TRML: Caley Castelein, a Director of biotechnology company Tourmaline Bio, Inc. (TRML), purchased 20,000 shares at an average price of $14.03 totaling $280,584. TBI: Taryn R. Owen, the CEO and President of staffing & employment services company Trueblue, Inc. (TBI), purchased 10,000 shares at an average price of $11.06 totaling $110,600. Two other insiders also...

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