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InsideArbitrage Event Driven Monitor – March 7, 2024

  • March 7, 2024

Merger Arbitrage

  1. NGMS: NeoGames (NGMS) and Aristocrat Leisure Limited reported that they currently remain on track and expect to receive all regulatory approvals before the end of April 2024. The companies expect a closing date in May 2024 is possible.
  2. AMAM: Shareholders of Ambrx Biopharma (AMAM) approved the company’s merger with Johnson & Johnson (JNJ) at a special meeting of shareholders.
  3. HES: On March 6, 2024, according to Reuters, Exxon Mobil Corp (XOM) said it filed a contract arbitration claim related to Hess Corp (HES), proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp (CVX) pending deal for the assets.

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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