InsideArbitrage Event Driven Monitor – August 19, 2024
Merger Arbitrage
- PGRU: The acquisition of PropertyGuru Group Ltd. (PGRU) by EQT Private Capital Asia, part of EQT AB, for a closing value of $1.1 billion. Under the terms of the agreement, each ordinary share of PropertyGuru will be converted into the right to receive an amount in cash equal to $6.70 per share.
- MORF: The acquisition of Morphic Holding, Inc. (MORF) by Eli Lilly and Company (LLY) was completed on August 16, 2024. It took 39 days for the deal to be completed.
- TELL: Tellurian (TELL) filed the preliminary proxy statement for its merger with Woodside Energy (WDS). The companies expect the merger to be completed during the fourth quarter of 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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