InsideArbitrage Event Driven Monitor – December 15, 2023

  • December 15, 2023
Merger Arbitrage SGEN: The acquisition of Seagen (SGEN) by Pfizer (PFE) was completed on December 14, 2023. It took 276 days for this deal to be completed. NM: The acquisition of Navios Maritime Holdings (NM) by N Logistics Holdings Corporation was completed on December 14, 2023. It took 52 days for this deal to be completed. AAIC: The acquisition of Arlington Asset Investment (AAIC) by Ellington Financial (EFC) was completed on December 14, 2023. It took 198 days for this deal to be completed. MDWT: Midwest Holding (MDWT) and Antarctica Capital announced receipt of approval from the Nebraska Department of Insurance for the acquisition of Midwest by an affiliate of Antarctica. The transaction is expected to close on or about December 20, 2023. 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 FOUR: Bloomberg reported that Global Payments (GPN) is considering acquiring Shift4 Payments (FOUR). However, a spokesperson from Global Payments has denied engaging in any discussions with Shift4, as stated in an email to Seeking Alpha. AYX: A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to take data analytics...

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