InsideArbitrage Event Driven Monitor – April 3, 2024

Merger Arbitrage

1. CHX:  The acquisition of ChampionX Corporation (CHX) by Schlumberger Limited (SLB) for a closing value of $8.22 billion in an all-stock deal. Under the terms of the agreement, ChampionX shareholders to receive 0.735 SLB shares for each share of ChampionX.
2. MIXT: The business combination between MiX Telematics Limited (MIXT) and PowerFleet, Inc. (PWFL) was completed on April 2, 2024. It took 175 days for this deal to be completed.
3. EDR:  The acquisition of Endeavor Group Holdings, Inc. (EDR) by Silver Lake for $13 billion. Under the terms of the agreement, Silver Lake will be acquiring Endeavor at $27.50 per share in cash.

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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