InsideArbitrage Event Driven Monitor – July 2, 2024

Merger Arbitrage

1. HOLI: Ascendent Capital Partners announced that it received the approvals by governmental authorities in the People’s Republic of China (PRC) required for its acquisition of Hollysys Automation Technologies (HOLI).
2. CVLY: The merger of Codorus Valley Bancorp (CVLY) with Orrstown Financial Services (ORRF) was completed on July 1, 2024. It took 202 days for this deal to be completed.
3. FNCB: The merger of FNCB Bancorp (FNCB) with Peoples Financial Services (PFIS) was completed on July 1, 2024. It took 278 days for this 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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