InsideArbitrage Event Driven Monitor – December 7, 2023

Merger Arbitrage

1. CERE: Cerevel Therapeutics Holdings to be acquired by AbbVie (ABBV) for $8.7 billion or $45 per share in cash.
2. ABCM: The acquisition of Abcam (ABCM) by Danaher Corporation (DHR) was completed on December 6, 2023. It took 100 days for this deal to be completed.
3. WMC: The acquisition of Western Asset Mortgage Capital Corporation (WMC) by AG Mortgage Investment Trust (MITT) was completed on December 6, 2023. It took 119 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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