InsideArbitrage Event Driven Monitor – July 12, 2024
Merger Arbitrage
- ENV: The acquisition of Envestnet, Inc. (ENV) by Bain Capital, for a closing value of $4.5 billion. Under the terms of the agreement, Envestnet shareholders will receive $63.15 in cash for each share of common stock they own.
- HES: Bloomberg reported that the U.S. Federal Trade Commission plans to delay its decision on whether to block Chevron’s (CVX) takeover of Hess (HES) until after an arbitration case with Exxon Mobil (XOM) is settled.
- MOR: Novartis’ (NVS) announced that the public delisting offer has been accepted by the shareholders of MorphoSys (MOR).
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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