InsideArbitrage Event Driven Monitor – February 28, 2024

Merger Arbitrage

1. MIXT: On February 27, 2024, MiX Telematics (MIXT) issued a press release to the Johannesburg Stock Exchange announcing that the conditions that were required to be fulfilled or waived by the Pre-General Meeting Date have been fulfilled. The company further announced that on February 14, 2024, the South African Competition Commission granted merger approval in respect of the proposed transaction.
2. ROVR: The acquisition of Rover Group (ROVR) by Blackstone on February 27, 2024. It took 90 days for this deal to be completed.
3. SPLK: On February 27, 2024,  in its fiscal fourth quarter and full-year results, Splunk (SPLK) stated that given the positive regulatory approvals to date, the transaction is now expected to close in late calendar Q1 or early calendar Q2.

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