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InsideArbitrage Event Driven Monitor – November 28, 2023

  • November 28, 2023
Merger Arbitrage IRBT: The European Commission issued Amazon (AMZN) a Statement of Objections regarding the planned acquisition of iRobot Corporation (IRBT). This formal document represents a key stage in the investigation, wherein the Commission articulates its initial assessment of the potential merger between the two companies in writing. AVTA: The acquisition of Avantax Inc. (AVTA) by Cetera Financial Group was completed on November 27, 2023. It took 77 days for this deal to be completed. 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 THRX: Theseus Pharmaceuticals (THRX) received an unsolicited proposal from Tang Capital Partners, LP on behalf of Concentra Biosciences LLC for $3.80 per share in cash and a contingent value right (CVR) to acquire its common stock. WH: According to Reuters, Choice Hotels International (CHH) is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts (WH), seeking to break a stalemate in an $8 billion takeover battle. Insider Purchases XRAY: Gregory T. Lucier, a Director of dental supplies company Dentsply Sirona Inc. (XRAY), purchased 10,000 shares at an average price of $31.44 totaling $314,400. PRGO: Robert Willis, the EVP...

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