InsideArbitrage Event Driven Monitor – November 15, 2023
Merger Arbitrage
- SPLK: Splunk announced that the waiting period under the HSR Act has expired.
- SCU: According to Bloomberg, Sculptor Capital Management’s (SCU) shareholder vote on a buyout bid by Rithm Capital (RITM) will proceed on Thursday. The buyout appears on track after a pair of lawsuits failed to derail Rithm’s $12.70 per share bid for the hedge fund. A New York judge on Tuesday declined a request by a group of four former Sculptor executives to block the vote.
- MIRO: United Therapeutics (UTHR) commenced a tender offer to acquire all outstanding shares of Miromatrix Medical (MIRO). The offer will expire one minute on December 11, 2023.
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