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InsideArbitrage Event Driven Monitor – August 12, 2024

  • August 12, 2024

Merger Arbitrage

  1. ITI: The acquisition of Iteris Inc. (ITI) by Almaviva S.p.A., for a closing value of $335 million. Under the terms of the agreement, Iteris shareholders will receive $7.20 in cash for each share of Iteris common stock.
  2. TELL: Reuters reported that Woodside Energy (WDS), which agreed last month to buy Tellurian (TELL) for $1.2 billion including debt is unlikely to face a rival bid.
  3. AY: Shareholders of Atlantica (AYapproved the company’s merger with Energy Capital Partners at a special meeting of shareholders held on August 8, 2024.

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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