InsideArbitrage Event Driven Monitor – May 29, 2024
Merger Arbitrage
- CALT: The acquisition of Calliditas Therapeutics AB (CALT) by Asahi Kasei, for a closing value of $1.12 billion. Under the terms of the agreement, Asahi Kasei will acquire all of the ordinary shares of Calliditas, which are listed on Nasdaq Stockholm, and American Depositary Shares of Calliditas, which are listed on Nasdaq Global Select Market and each represent two ordinary shares, offering SEK 208 per share (about $19.75) to the shareholders of Calliditas and SEK 416 (about $39.5) to the holders of ADS of Calliditas, through the Tender Offer to make Calliditas a wholly-owned subsidiary of Asahi Kasei.
- ATRI: The acquisition of Atrion Corporation (ATRI) by Nordson Corporation (NDSN), for a closing value of $800 million. Under the terms of the agreement, Nordson will acquire Atrion for $460 per share in cash.
- AY: The acquisition of Atlantica Sustainable Infrastructure plc (AY) by Energy Capital Partners for $2.55 billion. As per the terms of the agreement, Energy Capital Partners has agreed to acquire 100% of the shares of Atlantica (AY) for $22 per share in cash.
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