InsideArbitrage Event Driven Monitor – August 2, 2024

Merger Arbitrage

1. RCM: The acquisition of R1 RCM Inc. (RCM) by TowerBrook Capital Partners and Clayton, Dubilier & Rice, for a closing value of $8.9 billion. Under the terms of the agreement, TowerBrook and CD&R will acquire all the outstanding common stock of R1 RCM for $14.30 per share.
2. CERE: The acquisition of Cerevel Therapeutics Holdings (CERE) by AbbVie (ABBV) was completed on August 1, 2024. It took 239 days for this deal to be completed.
3. MCBC: The acquisition of Macatawa Bank Corporation (MCBC) by Wintrust Financial Corporation (WTFC) was completed on August 1, 2024. It took 108 days for this deal to be completed.

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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