InsideArbitrage Event Driven Monitor – July 15, 2024

Merger Arbitrage

1. MRO: ConocoPhillips (COP) and Marathon (MRO) received a Second request from the FTC on July 11, 2024, in connection with the FTC’s review of the merger.
2. MGRC: Shareholders of McGrath RentCorp (MGRC) approved the company’s merger with WillScot Mobile Mini Holdings (WSC) at a special meeting of shareholders held on July 11, 2024.
3. HOLI: Hollysys Automation Technologies (HOLI) announced that Ascendent Capital Partners’ affiliate Superior Technologies Holding secured the financing for the merger through a $1.055 billion loan.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.