InsideArbitrage Event Driven Monitor – August 16, 2024

Merger Arbitrage

1. LLAP: The acquisition of Terran Orbital Corp. (LLAP) by Lockheed Martin Corp. (LMT), for a closing value of $450 million. Under the terms of the agreement, Lockheed Martin will acquire Terran Orbital for $0.25 in cash for each outstanding share of common stock.
2. HA: Hawaiian Holdings (HA) announced that on August 14, Hawaiian and Alaska (ALK) agreed with the DOJ to further extend the Review Period to August 20, 2024.
3. DM: Desktop Metal (DM) filed a definitive proxy statement. The special meeting of shareholders will be held on October 2, 2024.

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