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InsideArbitrage Event Driven Monitor – March 21, 2024

  • March 21, 2024

Deals in the Works

  1. PARA: According to WSJ, Private-equity firm Apollo Global Management (APO) has made an $11 billion offer to buy Paramount Global’s (PARA) film and TV studio. The bid comes as an independent committee of the company’s directors is reviewing another offer from Skydance Media to merge with all of Paramount.
  2. JRVR: According to Insurance Insider report, James River (JRVR) enters sale talks with Global Indemnity (GBLI).

Insider Purchases

  1. NN: Neil S. Subin, a Director of location services technology company Nextnav Inc. (NN), purchased 150,000 shares at an average price of $4.59 totaling $688,000.
  2. CSV: Charles Fargason, a Director of funeral services company Carriage Services Inc (CSV), purchased 6,000 shares at an average price of $25.58 totaling $153,480.
  3. ABR: William C. Green, a Director of mortgage REIT Arbor Realty Trust Inc (ABR), purchased 10,209 shares at an average price of $12.93 totaling $132,026.

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