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InsideArbitrage Event Driven Monitor – June 11, 2024

  • June 11, 2024

Merger Arbitrage

  1. DOThe acquisition of Diamond Offshore Drilling, Inc. (DO) by Noble Corporation plc (NE) for a closing value of $2.15 billion in a cash plus stock deal. Under the terms of the agreement, Diamond Offshore shareholders will receive 0.2316 Noble Corporation shares and $5.65 per share in cash for each Diamond share (representing $600 million total cash paid to Diamond shareholders on a fully-diluted basis).
  2. MTTR: CoStar (CSGP) in Form S-4 announced that Matterport (MTTR) will hold a special meeting of its stockholders on July 26, 2024.
  3. MGRC: McGrath RentCorp (MGRCfiled a definitive proxy statement. The special meeting of shareholders will be held on July 11, 2024.

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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