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InsideArbitrage Event Driven Monitor – June 28, 2024

  • June 28, 2024

Merger Arbitrage

  1. GRDI: The acquisition of GRIID Infrastructure Inc. (GRDI) by CleanSpark Inc. (CLSK), for a closing value of $155 million. Under the terms of the agreement, GRIID stockholders will receive 0.0631 of a share of CleanSpark common stock at $1.01.
  2. SRDX: Surmodics (SRDX) filed the preliminary proxy statement for its merger with GTCR. The companies expect the merger to be completed in the second half of 2024.
  3. WRK: WestRock Company (WRKannounced that it had obtained all outstanding regulatory clearances that were a condition to closing the combination with Smurfit Kappa. WestRock expects that the combination will close on July 5, 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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