InsideArbitrage Event Driven Monitor – April 8, 2024

Merger Arbitrage

1. SWAV:  The acquisition of Shockwave Medical, Inc. (SWAV) by Johnson & Johnson (JNJ) for a closing value of $13.1 billion. Under the terms of the agreement, Johnson & Johnson will acquire all outstanding shares of Shockwave for $335.00 per share in cash.
2. SWN: On April 5, 2024, Southwestern Energy Company (SWN) and Chesapeake Energy Corporation (CHK) received a request for additional information and documentary material (the “Second Request”) from the FTC. The merger is now expected to close in the second half of 2024.
3. EGLE: On April 5, 2024, Eagle (EGLE) announced that its shareholders approved their merger with Star Bulk (SBLK). The merger is expected to complete on April 9, 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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