InsideArbitrage Event Driven Monitor – December 19, 2023

Merger Arbitrage

1. X: The acquisition of U.S. Steel (X) by Nippon Steel for $14.9 billion or $55 per share in cash.
2. AYX: The acquisition of Alteryx (AYX) by Clearlake Capital and Insight Partners for $4.4 billion or $48.25 per share in cash.
3. PGTI: The acquisition of PGT Innovations (PGTI) by Masonite (DOOR) for $3 billion in a cash plus stock deal. Each shareholder will receive $33.50 in cash and 0.07353 shares of Masonite.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.