InsideArbitrage Event Driven Monitor – November 16, 2023

  • November 16, 2023
Merger Arbitrage CCF: The acquisition of Chase Corporation (CCF) by an affiliate of investment funds managed by KKR was completed on November 14, 2023. It took 116 days for this deal to be completed. OLK: Olink Holding AB announced that the waiting period under the HSR Act has expired. AMNB: Shareholders of American National Bankshares (AMNB) approved the company’s merger with Atlantic Union Bankshares Corporation (AUB) at a special meeting of shareholders. AEL: Shareholders of American Equity Investment Life Holding Company (AEL) approved the company’s merger with Brookfield Reinsurance (BNRE) at a special meeting of shareholders. 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 KLG: Gary H. Pilnick, the Chief Executive Officer of packaged foods company WK Kellogg Co (KLG), purchased 93,500 shares at an average price of $10.69 totaling $999,094. Chief Financial Officer David McKinstray, Chief Growth Officer Doug Vandevelde, Chief Supply Chain Officer Sherry Brice, CLO, and Secretary Norma Barnes-Euresti, and Chief Customer Officer Bruce Alan Brown, also purchased 41,715, 18,700, 5,580,4,675, and 4,625 shares for totals of  $446,408, $199,866, $60,077, $49,897, and $49,500 respectively. CRL: James C. Foster, the Chairman, President and CEO of diagnostics & research company Charles River Laboratories...

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