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InsideArbitrage Event Driven Monitor – November 21, 2023

  • November 21, 2023
Merger Arbitrage ACER: The acquisition of Acer Therapeutics (ACER) by Zevra Therapeutics (ZVRA) was completed on November 20, 2023. It took 81 days for this deal to be completed. ESMT: EngageSmart (ESMT) and Vista Equity Partners filed a notification and report form with the FTC and DOJ on November 6, 2023. SQNS: Renesas Electronics Corporation and Sequans Communications (SQNS) announced that Renesas has extended the expiration date of its tender offer to acquire Sequans from November 21, 2023, to December 6, 2023. HHRS: Hammerhead Energy announced that the special meeting of shareholders will be held on December 20, 2023. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deal in the Works NOTE: FiscalNote Holdings (NOTE) announced that the Board of Directors has established a Special Committee to evaluate any proposal it receives from the company’s CEO and Co-founder, Tim Hwang, regarding a potential go-private transaction for the company. Insider Purchases MRCY: Scott Ostfeld, a Director of aerospace & defense company Mercury Systems Inc (MRCY), purchased 259,922 shares at an average price of $33.42 totaling $8.69 million. These shares were acquired indirectly through Jana Partners Management. GRPN: Dusan Senkypl, the Interim CEO of Groupon, Inc....

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