InsideArbitrage Event Driven Monitor – December 20, 2023
Merger Arbitrage
- X: Japanese takeover of iconic U.S. Steel sees bipartisan opposition. Several Senators like Pennsylvania’s John Fetterman, and Republican Senator J. D. Vance of Ohio, are also voicing opposition.
- MRTX: Mirati Therapeutics (MRTX) HSR waiting period for its planned $4.8 billion sale to Bristol-Myers Squibb (BMY) expired. The parties accelerated the timeline for the deal to close in the first quarter of 2024.
- SQNS: Renesas Electronics and Sequans Communications S.A. (SQNS) announced that Renesas has extended the expiration date of its tender offer from December 20, 2023, to January 5, 2024.
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