InsideArbitrage Event Driven Monitor – February 14, 2024
Merger Arbitrage
- FREE: The acquisition of Whole Earth Brands (FREE) by Sababa Holdings for $593.91 million or $4.875 per share in cash.
- SOVO: Campbell Soup Company (CPB) and Sovos Brands (SOVO) certified substantial compliance with the request for additional information and documentary materials issued by the FTC regarding Campbell’s proposed acquisition of Sovos Brands. The certification of substantial compliance triggers the start of a 30-day waiting period which is expected to expire on March 11, 2024, after which the sale can be finalized.
- GAN: Shareholders of GAN Limited (GAN) approved the company’s merger with Sega Sammy Creation at a special meeting of shareholders. The closing of the merger is expected to occur in late 2024 or early 2025.
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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