InsideArbitrage Event Driven Monitor – July 19, 2024
Merger Arbitrage
- CHUY: The acquisition of Chuy’s Holdings, Inc. (CHUY) by Darden Restaurants, Inc. (DRI) for a closing value of $605 million. Under the terms of the agreement, Darden will acquire all of the outstanding shares of Chuy’s for $37.50 per share in cash.
- CALB: Shareholders of California BanCorp (CALB) approved the company’s merger with Southern California Bancorp (BCAL) at a special meeting of shareholders held on July 17, 2024.
- ASTR: The acquisition of Astra Space (ASTR) by Astra’s CEO Chris Kemp, and CTO Adam London was completed on July 18, 2024. It took 132 days for the deal to be completed.
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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