InsideArbitrage Event Driven Monitor – May 1, 2024

  • May 1, 2024
Merger Arbitrage ADTH: AdTheorent (ADTH) filed the preliminary proxy statement for its merger with Cadent. The companies expect to complete the merger in the second quarter of 2024. AdTheorent filed the HSR Act notifications on April 5, 2024. VZIO: VIZIO Holding (VZIO) and Walmart (WMT) announced that on April 29 they received a request for additional information and documentary material (the Second Request) from the FTC. HMST: HomeStreet (HMST) amended its merger agreement with FirstSun Capital Bancorp (FSUN). Under the terms of the amended agreement, HomeStreet shareholders will receive 0.3867 shares of FirstSun common stock for each share of HomeStreet common stock, which represents a value of $13.53 per share. STER: Sterling Check Corp (STER) and First Advantage Corporation (FA) voluntarily withdrew their submission of the requisite notification and report forms under the HSR Act and refiled such notification and report on April 26, 2024. The merger is expected to be completed in the third quarter of 2024. CVLY: Codorus Valley Bancorp (CVLY) filed a definitive proxy statement. The special meeting of shareholders will be held on May 30, 2024. The companies expect to complete the merger in the third fiscal quarter of 2024. You can check out new deals, all deal updates, and spreads on active deals in...

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