InsideArbitrage Event Driven Monitor – July 29, 2024

Merger Arbitrage

1. EVRI: The acquisition of IGT’s Gaming & Digital business (IGT Gaming) and Everi Holdings Inc. (EVRI) by Apollo Funds (APO), for a closing value of $6.3 billion. Under the terms of the agreement, Everi stockholders will receive $14.25 per share in cash, and IGT (IGT) will receive $4.05 billion of gross cash proceeds for IGT Gaming, from Apollo Funds.
2. PFC: The acquisition of Premier Financial Corp. (PFC) by WesBanco, Inc. (WSBC) for $959 million in an all-stock deal. Under the terms of the merger agreement, Premier shareholders will be entitled to receive 0.80 of a share of WesBanco common stock for each share of Premier common stock they own.
3. MTTR: Shareholders of Matterport (MTTR) approved the company’s merger with CoStar (CSGP) at a special meeting of shareholders.

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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