InsideArbitrage Event Driven Monitor – July 4, 2024

Merger Arbitrage

1. DM: The acquisition of Desktop Metal, Inc. (DM) by Nano Dimension Ltd. (NNDM) for a closing value of $183 million. As per the terms of the agreement, Nano Dimension will acquire all of the outstanding shares of Desktop Metal  for $5.50 per share in cash, subject to possible downward adjustments to $4.07 per share.
2. PRFT: Perficient (PRFT) announced the expiration of the waiting period under the HSR Act on July 1, 2024. Perficient expects to complete the merger by the end of 2024.
3. X: According to Reuters, Nippon Steel’s vice chairman Takahiro Mori plans to return to the United States again next week to discuss its proposed acquisition of U.S. Steel (X). Mori will travel to several states where U.S. Steel operates and meet with local officials, community leaders, and workers.

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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