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InsideArbitrage Event Driven Monitor – May 16, 2024

  • May 16, 2024
Merger Arbitrage HMNF: The acquisition of HMN Financial (HMNF) by Alerus (ALRS), for a closing value of $116.4 million. Under the terms of the agreement, stockholders of HMN Financial will receive 1.25 shares of Alerus common stock for each share of HMN common stock they own, which represents a value of $25.86 per share. TAST: Shareholders of Carrols Restaurant Group (TAST) approved the company’s merger with Restaurant Brands International (QSR) at a special meeting of shareholders held on May 14, 2024. MODN: Model N Inc. (MODN) filed a definitive proxy statement. The special meeting of shareholders will be held on June 25, 2024. SP: SP Plus (SP) announced that it received notification from the antitrust division of the Department of Justice that the request for early termination of the waiting period under the HSR Act was granted effective May 10, 2024. DOOR: The acquisition of Masonite International (DOOR) by Owens Corning (OC) was completed on May 15, 2024. It took 96 days for the deal to be completed. LBAI: Lakeland Bancorp (LBAI) files a delisting notice with the Nasdaq Stock Market on May 15, 2024. CHX: ChampionX Corporation (CHX) filed a definitive proxy statement. The special meeting of shareholders will be held on June 18, 2024. You can check out new...

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