InsideArbitrage Event Driven Monitor – April 9, 2024

  • April 9, 2024
Merger Arbitrage ERF: On April 8, 2024, Enerplus Corporation (ERF) and Chord Energy Corporation (CHRD) announced that the waiting period under the HSR Act expired on April 5, 2024. Chord anticipates the special meeting of its stockholders to be held on May 14, 2024, while Enerplus anticipates that its shareholder meeting to be held in late May 2024. MODN:  The acquisition of Model N Inc. (MODN) by Vista Equity Partners. Under the terms of the agreement, Vista Equity Partners will acquire all the outstanding shares of Model N for $30.00 per share in cash. AIRC: The acquisition of Apartment Income REIT Corp. (AIRC) by Blackstone Inc (BX). Under the terms of the agreement, Blackstone will acquire all the outstanding shares of AIRC for $39.12 per share in cash. SCTL:  The acquisition of Societal CDMO (SCTL) by CoreRx Inc. was completed on April 8, 2024. It took 40 days for the deal to be completed. CTLT:  On April 8, 2024, as per Reuters, Novo Nordisk (NVO) has refiled an application to the U.S. Federal Trade Commission (FTC) for the approval of their merger with Catalent (CTLT). WRK:  On April 8, 2024, the European Commission has approved the merger between Smurfit Kappa (SMFTF) and WestRock Company (WRK). BATL: On April 8, 2024, Battalion Oil (BATL) and...

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