InsideArbitrage Event Driven Monitor – April 17, 2024
Merger Arbitrage HAYN: On April 16, 2024, shareholders of Haynes International (HAYN) approved the company’s merger with North American Stainless at a special meeting of shareholders. The transaction is expected to close in the third calendar quarter of 2024. MDC: On April 16, 2024, M.D.C. Holdings (MDC) announced that their merger with Sekisui House (SKHSY) is is expected to occur on April 19, 2024. NGMS: As per NasdaqTrader, NeoGames (NGMS) announced on April 16, 2024, that they expect to hold a special shareholder meeting on April 25, 2024 for shareholders to vote to approve the proposed merger with Aristocrat Leisure Limited. If the merger is approved, it is tentatively scheduled to close on April 25, 2024. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deal in the Works ENV: According to Reuters, Envestnet (ENV), a U.S. software vendor with a market value of about $3.5 billion, is exploring options that could include a potential sale after receiving takeover interest. DCO: Ducommun Incorporated (DCO) rejects an unsolicited, non-binding indication of interest dated April 1, 2024, from Albion River to acquire all outstanding shares of Ducommun for $60.00 per share in cash. Stock Buyback Announcements BK:...
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