InsideArbitrage Event Driven Monitor – January 19, 2024

Merger Arbitrage

1. MDC: The acquistion of M.D.C. Holdings (MDC) by Sekisui House (SKHSY) for a closing value of $4.83 billion or $63 per share in cash.
2. CERE: Cerevel Therapeutics (CERE) and  AbbVie (ABBV) following discussions with the FTC, voluntarily withdrew the initial HSR Act notification and refiled a new HSR Act notification.  The waiting period under the HSR Act is set to expire on February 16, 2024.
3. IRBT: According to The Wall Street Journal, the European Union’s competition watchdog intends to block Amazon’s (AMZN) bid to purchase iRobot (IRBT).

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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