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InsideArbitrage Event Driven Monitor – July 30, 2024

  • July 30, 2024

Merger Arbitrage

  1. CPTN:  The acquisition of Cepton, Inc. (CPTN) by Koito Manufacturing Co. Ltd. for $125.4 million in an all-cash transaction. Under the terms of the merger agreement, Koito will acquire all of Cepton’s remaining outstanding shares that it does not already own for $3.17 per share.
  2. ESGR: The acquisition of Enstar Group Limited (ESGR) by Sixth Street, for a closing value of $5.1 billion. Under the terms of the agreement, Enstar shareholders will receive $338.00 in cash per ordinary share of Enstar.
  3. FBMSThe acquisition of The First Bancshares, Inc. (FBMS) by Renasant Corporation (RNST) for $1.2 billion in an all-stock deal. As per the terms of the merger, shareholders of The First will receive 1.00 share of Renasant common stock for each share of The First common stock.

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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