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InsideArbitrage Event Driven Monitor – April 10, 2024

  • April 10, 2024
Merger Arbitrage NS: On April 9, 2024, Sunoco (SUN) and NuStar Energy (NS) announced the expiration of the waiting period under the HSR Act. NuStar’s special meeting of the shareholders is tentatively scheduled for May 1, 2024. EGLE: The acquisition of Eagle Bulk Shipping (EGLE) by Star Bulk Carriers (SBLK) was completed on April 9, 2024. It took 120 days for this deal to be completed. TAST: On April 9, 2024, Carrols Restaurant Group (TAST) and Restaurant Brands International (QSR) filed their preliminary proxy statement. The merger is expected to close in the second quarter of 2024. ERF: On April 9, 2024, Chord Energy Corporation (CHRD) filed a definitive proxy statement. The special meeting of its shareholders will be held on May 14, 2024. Their merger with Enerplus Corporation (ERF) is expected to close by mid-2024. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Insider Purchases PGY: Yahav Yulzari, the Chief Revenue Officer of financial technology company Pagaya Technologies Ltd. (PGY), purchased 60,000 shares at an average price of $10.17 totaling $610,062. Several other insiders also purchased shares, the next largest purchase coming from the CTO, Avital Pardo who purchased 38,480 shares...

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