InsideArbitrage Event Driven Monitor – May 9, 2024

Merger Arbitrage

1. CPRI: The FTC announced a scheduling conference for the lawsuit to block the Tapestry (TPR) merger with Capri (CPRI) will be held on May 16, 2024.
2. SWN: Southwestern Energy Company (SWN) and Chesapeake Energy Corporation (CHK) announced that the special meeting of shareholders will be held on June 18, 2024. The companies expect to complete the merger in the second quarter of 2024.
3. TARO: Taro Pharmaceutical Industries (TARO) announced that independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have both recommended that Taro shareholders vote “FOR” the merger with Sun Pharmaceutical Industries at the upcoming May 22, 2024 shareholder meeting.

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.