InsideArbitrage Event Driven Monitor – August 27, 2024

Merger Arbitrage

1. DM: Nano Dimension (NNDM) announced the expiration of the waiting period under the HSR Act for its acquisition of Desktop Metal (DM). The deal is expected to close in the fourth quarter of 2024.
2. INST: Instructure Holdings, Inc. (INST) filed its preliminary proxy statement for its acquisition by KKR (KKR). On August 8, 2024, both companies filed their respective notification and report forms under the HSR Act. The deal completion is expected in the second half of 2024.
3. AGR: Avangrid (AGR) received support from the Maine Public Utilities Commission staff for an exemption that would have required the regulator to approve the company’s planned sale to Spain’s Iberdrola.

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