InsideArbitrage Event Driven Monitor – May 15, 2024

Merger Arbitrage

1. SNPO: Snap One Holdings Corp (SNPO) filed the preliminary proxy statement for its merger with Resideo Technologies (REZI).
2. NVEI: Nuvei (NVEI) announced it has filed and is in the process of mailing a letter and management proxy circular to shareholders in connection with its transaction to be taken private by Advent International. The special meeting is scheduled to be held on June 18, 2024.
3. AGS: Emmett Investment Management, an investment manager that owns about 1.5% of the outstanding stock of PlayAGS (AGS), released an open letter to AGS stockholders outlining its intention to vote ‘Against’ the company’s proposed take-private transaction with Brightstar Capital Partners, which it believes significantly undervalues the company.

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