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InsideArbitrage Event Driven Monitor – November 9, 2023

  • November 9, 2023
Merger Arbitrage 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. EQRX: EQRx, Inc. stockholders voted to approve Revolution Medicines’ proposed acquisition of EQRx. The transaction is expected to be completed in November 2023. 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. ICPT: The acquisition of Intercept Pharmaceuticals (ICPT) by Alfasigma S.p.A was completed on November 8, 2023. It took 43 days for this deal to be completed. PNT: Eli Lilly and Company (LLY) extended the expiration of the tender offer to acquire all of the issued and outstanding shares of POINT Biopharma Global (PNT) to November 16, 2023. The proposed acquisition is expected to close near the end of 2023. HT: Shareholders of Hersha Hospitality Trust (HT) approved the company’s merger with KSL Capital Partners, LLC at a special meeting of shareholders. ACER: Shareholders of Acer Therapeutics (ACER) approved the company’s merger with Zevra Therapeutics (ZVRA) at a special meeting of shareholders. You can check out new deals, all deal updates, and...

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