Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

InsideArbitrage Event Driven Monitor – May 21, 2024

  • May 21, 2024

Merger Arbitrage

  1. IBTX: The acquisition of Independent Bank Group, Inc (IBTX) by SouthState Corporation (SSB) for a closing value of approximately $2 billion. As per the terms of the agreement, Independent Bank shareholders will receive 0.60 shares of SouthState common stock for each outstanding share of IBTX common stock.
  2. OSG: The acquisition of Overseas Shipholding Group (OSG) by Saltchuk Resources, for a closing value of $950 million. Under the terms of the agreement, Saltchuk will commence a tender offer to acquire all outstanding shares of Overseas Shipholding it does not already own for $8.50 per share in cash.
  3. ADTH: AdTheorent (ADTH) filed a definitive proxy statement. The special meeting of shareholders will be held on June 18, 2024.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.