InsideArbitrage Event Driven Monitor – August 8, 2024

Merger Arbitrage

1. PETQ: The acquisition of PetIQ, Inc. (PETQ) by Bansk Group for $1.5 billion in an all-cash deal. Under the terms of the merger agreement, Bansk Group will acquire all of the outstanding shares of PetIQ’s common stock for $31.00 per share.
2. GTHX: The acquisition of G1 Therapeutics Inc. (GTHX) by Pharmacosmos A/S, for a closing value of $405 million. Under the terms of the agreement, Pharmacosmos will commence a cash tender offer to acquire all issued and outstanding shares of G1 common stock for $7.15 per share in cash.
3. JNPR: UK’s CMA cleared the acquisition of Juniper Networks (JNPR) by Hewlett Packard Enterprise (HPE).

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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