Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

InsideArbitrage Event Driven Monitor – November 3, 2023

  • November 3, 2023
Merger Arbitrage DEN: The acquisition of Denbury (DEN) by Exxon Mobil Corporation (XOM) was completed on November 2, 2023. It took 112 days for this deal to be completed. MRTX: Mirati Therapeutics announced that the special meeting of shareholders will be held on December 13, 2023. AVID: Avid Technology announced that it has received shareholder approval to be acquired by an affiliate of STG. SIX: Land & Buildings Investment Management, a significant shareholder of Six Flags Entertainment Corporation (SIX) issued the following comment on the company’s proposed merger with Cedar Fair (FUN). “The proposed merger of Six Flags and Cedar Fair does not maximize value for all shareholders and there are better alternatives available.” 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 X: US Steel (X) auction to near end with site visits next week. Possible bidders in the final round include Cleveland-Cliffs (CLF), ArcelorMittal SA (MT), and Stelco Holdings. Insider Purchases CVBF: George A. Borba, a Director of regional bank CVB Financial Corp (CVBF), purchased 309,006 shares at an average price of $16.15 totaling $4.99 million. B: Thomas J. Hook, the President and CEO of industrial...

Only plus or premium subscribers can access this post. Subscribe today.