InsideArbitrage Event Driven Monitor – April 16, 2024
Merger Arbitrage
- SNPO: The acquisition of Snap One Holdings Corp (SNPO) by Resideo Technologies (REZI) for $1.4 billion. Under the terms of the agreement, Resideo will acquire Snap One for $10.75 per share in cash.
- MCBC: The acquisition of Macatawa Bank Corporation (MCBC) by Wintrust Financial Corporation (WTFC) for a closing value of $510.3 million or $14.85 per share in an all-stock deal. As per the agreement, the per share consideration is subject to change based on a collar, where the share fraction of Wintrust common stock will increase or decrease depending on a lower-bound price of $89.03 and an upper-bound price of $113.03.
- AGTI: On April 15, 2024, Agiliti Inc (AGTI) filed a definitive proxy statement. The company will not call a stockholders’ meeting as no further action by the stockholders is required to complete the merger. The merger is expected to be completed in the first half of 2024.
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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