InsideArbitrage Event Driven Monitor – November 9, 2023

Merger Arbitrage

1. CTG: Computer Task Group, Incorporated (CTG) announced that the expiration of the tender offer has been extended to December 12, 2023, and the companies expect the sale of CTG to Cegeka to close on December 13, 2023.
2. EQRX: EQRx, Inc. stockholders voted to approve Revolution Medicines’ proposed acquisition of EQRx. The transaction is expected to be completed in November 2023.
3. NEWR: The acquisition of New Relic (NEWR) by Francisco Partners and TPG was completed on November 7, 2023. It took 100 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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