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InsideArbitrage Event Driven Monitor – October 4, 2023

  • October 4, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage PNT: POINT Biopharma Global Inc. to be acquired by Eli Lilly and Company (LLY) for $538.94 million or $12.50 per share in cash. VERY: Vericity, Inc. to be acquired by iA American Holdings, Inc. for $170 million or $11.43 per share in cash. ESTE: Earthstone Energy announced the expiration of the waiting period under the HSR Act. HCCI: Heritage-Crystal Clean announced that Institutional Shareholder Services and Glass Lewis & Co. have recommended that Crystal Clean shareholders vote “FOR” Crystal Clean’s proposed combination with J.F. Lehman & Company at the company’s upcoming Special Meeting of Shareholders. CPRI: The HSR waiting period for the planned sale of Capri Holdings to Tapestry (TPR) was set to expire on Monday, October 2, 2023. “We are not commenting on the status or timing of the regulatory process,” Tapestry said in a statement emailed to Seeking Alpha. “We are currently working toward all required regulatory approvals. The transaction is highly complementary and expands Tapestry’s portfolio reach and diversification.” HT: Hersha Hospitality Trust announced that the special meeting of shareholders will be held on November 8, 2023. You can check out new deals, all deal updates, and spreads on...

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