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InsideArbitrage Event Driven Monitor – November 8, 2023

  • November 8, 2023
Merger Arbitrage AVID: The acquisition of Avid Technology (AVID) by an affiliate of STG was completed on November 6, 2023. It took 89 days for this deal to be completed. PLM: The acquisition of PolyMet Mining Corp. (PLM) by Glencore AG was completed on November 6, 2023. It took 112 days for this deal to be completed. GAN: GAN Limited to be acquired by Sega Sammy Creation for $85.73 million or $1.97 per share in cash. NXGN: Shareholders of NextGen Healthcare (NXGN) approved the company’s merger with Thoma Bravo at a special meeting of shareholders. ARCE: Arco Platform Limited announced that the special meeting of shareholders will be held on December 4, 2023. 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 LTH: Bahram Akradi, the Founder & CEO of fitness company Life Time Group Holdings, Inc. (LTH), purchased 90,000 shares at an average price of $12.70 totaling $1.14 million. NMRA: Kristina Burow, a Director of biotechnology company Neumora Therapeutics, Inc. (NMRA), purchased 95,694 shares at an average price of $11.49 totaling $1.10 million. These shares were acquired indirectly through ARCH Venture. RELY: Nigel W. Morris, a Director of cross-border payments company...

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