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InsideArbitrage Event Driven Monitor – October 9, 2023

  • October 9, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage MRTX: Mirati Therapeutics to be acquired by Bristol-Myers Squibb Company (BMY) for $3.7 billion. Under the terms of the agreement, Bristol Myers Squibb will acquire Mirati for $58.00 per share in cash. Mirati stockholders will also receive one non-tradeable Contingent Value Right (CVR) for each Mirati share held, potentially worth $12.00 per share in cash, representing an additional $1.0 billion of value opportunity. HZNP: The acquisition of Horizon Therapeutics Public Limited Company (HZNP) by Amgen (AMGN) was completed on October 6, 2023. It took 298 days for this deal to be completed. ATVI: Microsoft (MSFT) is aiming to close its $69 billion deal for “Call of Duty” publisher Activision Blizzard (ATVI) on October 13 if it gets approval from Britain’s antitrust regulator, the Verge reported on Friday, citing a source. NATI: According to a NASDAQ delisting notice, the acquisition of National Instruments Corporation (NATI) by Emerson Electric (EMR) is scheduled to close prior to the market opening on Wednesday, October 11, 2023. SAVE: The Department of Justice’s trial to block JetBlue’s (JBLU) planned purchase of Spirit Airlines (SAVE) has been delayed by a week, from October 16 until...

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