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InsideArbitrage Event Driven Monitor – November 15, 2023

  • November 15, 2023

Merger Arbitrage

  1. SPLK: Splunk announced that the waiting period under the HSR Act has expired.
  2. 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.
  3. 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.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

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