InsideArbitrage Event Driven Monitor – June 18, 2024

Merger Arbitrage

1. AAN: The acquisition of Aaron’s Company, Inc. (AAN) by IQVentures Holdings, LLC, for a closing value of $504 million. Under the terms of the agreement, Aaron’s Company will be acquired by IQVentures Holdings for $10.10 per share in cash.
2. ALLG: The acquisition of Allego N.V. (ALLG) by Meridiam for a closing value of $1.46 billion. Under the terms of the agreement, Meridiam will offer Allego shareholders the option to tender their shares for $1.70 per share in cash.
3. CVLY: Codorus Valley Bancorp (CVLY) announced that it has received the requisite regulatory approvals and waivers from the Board of Governors of the Federal Reserve System and the Pennsylvania Department of Banking and Securities for its merger with Orrstown Financial Services (ORRF).

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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