InsideArbitrage Event Driven Monitor – November 6, 2023

Merger Arbitrage

1. 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.”
2. CEQP: The acquisition of Crestwood Equity Partners (CEQP) by Energy Transfer (ET) was completed on November 3, 2023. It took 79 days for this deal to be completed.
3. TRHC: The acquisition of Tabula Rasa HealthCare (TRHC) by ExactCare Pharmacy was completed on November 3, 2023. It took 88 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.

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