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InsideArbitrage Event Driven Monitor – July 22, 2024

  • July 22, 2024

Merger Arbitrage

  1. TELLThe acquisition of Tellurian Inc. (TELL) by Woodside Energy Group Ltd (WDS) for $1.2 billion including debt. Under the terms of the merger agreement, Woodside will acquire all the outstanding shares of Tellurian for $1.00 per share in cash.
  2. AUGX: The acquisition of Augmedix Inc. (AUGX) by Commure Inc., for a closing value of $139 million. Under the terms of the agreement, Augmedix stockholders will receive $2.35 per share in cash from Commure.
  3. MORF: On July 19, 2024, Rainier Acquisition Corporation, a subsidiary of Eli Lilly and Company (LLYlaunched the tender offer to buy all the outstanding shares of Morphic Holding (MORF) for $57.00 per share in cash. This tender offer and the right to withdraw will expire on August 15, 2024, unless extended or terminated earlier.

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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