InsideArbitrage Event Driven Monitor – February 5, 2024

Merger Arbitrage

1. SQNS: Renesas has extended the expiration date of its tender offer for proposed acquisition of Sequans (SQNS) from February 5, 2024 to February 20, 2024.
2. OLK: The planned $3.1 billion (£2.43bn) acquisition of Olink Holding (OLK) by Thermo Fisher Scientific (TMO) is being investigated by the UK’s Competition and Markets Authority. The CMA is asking for comments on the proposed deal, which was announced in October 2023, ahead of it deciding whether to launch a formal investigation.
3. SAVE: U.S. appeals court on Friday said it would hear arguments in June in a bid by JetBlue Airways (JBLU) and Spirit Airlines (SAVE) to overturn a judge’s ruling that blocked their $3.8 billion merger. Under the order issued on Friday, the companies’ initial brief would be due on February 26, 2024, with the Justice Department response set for April 11, 2024. The case would be fully briefed by April 25, 2024.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.