InsideArbitrage Event Driven Monitor – April 18, 2024

Merger Arbitrage

1. AGFY: The acquisition of Agrify Corporation (AGFY) by Nature’s Miracle Holding (NMHI) for a closing value of $6.35 million in an all-stock deal. Under the terms of the agreement, Agrify shareholders will receive 0.45 shares of Nature’s Miracle common stock in exchange for each Agrify share.
2. CPRI: On April 17, 2024, NYT reported that the U.S. Federal Trade Commission is preparing to sue to block Tapestry’s (TPR) $8.5 billion takeover of Capri Holdings (CPRI). The F.T.C.’s five commissioners are expected to meet next week to discuss the case.
3. KAMN: On April 17, 2024, shareholders of Kaman Corporation (KAMN) approved the company’s merger with Arcline Investment Management at a special meeting of shareholders.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.