InsideArbitrage Event Driven Monitor – April 15, 2024
Merger Arbitrage
- WIRE: The acquisition of Encore Wire (WIRE) by Prysmian for $4.2 billion. Under the terms of the agreement, Encore Wire will be acquired by Prysmian at a price of $290 per share in cash.
- ANSS: On April 11, 2024, Ansys (ANSS) announced that their special meeting of shareholders will be held on May 22, 2024. On April 1, 2024, Synopsys (SNPS) and Ansys each received a second request for additional information from the FTC under the HSR Act. The merger is expected to be completed in the first half of 2025.
- SCX: On April 12, 2024, L.S. Starrett Company (SCX) filed a definitive proxy statement. The special meeting of shareholders will be held on May 21, 2024. The merger is expected to close in mid-2024.
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