InsideArbitrage Event Driven Monitor – September 24, 2024

Merger Arbitrage

1. RVNC: Revance (RVNC) announced that the date to commence the tender offer is extended to October 4, 2024. Crown and Revance filed their respective Premerger Notification and Report Forms under the HSR Act on August 23, 2024, and the waiting period expired on September 9, 2024.
2. CALT: The U.S. Offering Period and the offering period of the Swedish Offer settled. As a result, Asahi Kasei now owns over 53 million shares of Calliditas (CALT), corresponding to a total of 98.38% of the outstanding shares.
3. DM: Nano Dimension (NNDM) and Desktop Metal (DM) announced that Institutional Shareholder Services (ISS) has recommended that Desktop Metal shareholders vote to support the merger agreement.

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