InsideArbitrage Event Driven Monitor – June 10, 2024
Merger Arbitrage
- ICCH: The acquisition of ICC Holdings, Inc. (ICCH) by Mutual Capital Group, Inc. for a closing value of $73.80 million. As per the terms of the agreement, Mutual Capital Group will acquire all outstanding ICC Holdings shares for $23.50 in cash.
- PWSC: The acquisition of PowerSchool Holdings, Inc. (PWSC) by Bain Capital, for a closing value of $5.6 billion. Under the terms of the agreement, PowerSchool stockholders will receive $22.80 per share in cash from Bain Capital upon completion of the proposed transaction.
- ASXC: The acquisition of Asensus Surgical, Inc. (ASXC) by KARL STORZ Endoscopy-America, Inc., a wholly-owned direct subsidiary of KARL STORZ SE & Co. KG, for a closing value of $93.45 million. Under the terms of the agreement, KARL STORZ will acquire all of the outstanding shares of Asensus Surgical for $0.35 per share in cash.
You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.
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