InsideArbitrage Event Driven Monitor – September 9, 2024

Merger Arbitrage

1. SRCL: Stericycle (SRCL) announced that on September 5, the waiting period for the Notification and Report Form under the HSR Act expired. The Merger has also received antitrust clearance from the Competition Authority (Autoridade da Concorrência) of Portugal and confirmation from the UK Competition and Markets Authority that it has no further questions.
2. ITI: Iteris (ITI) filed the preliminary proxy statement for its merger with Almaviva. The companies expect the merger to be completed as early as the fourth quarter of 2024.
3. SILK: Shareholders of Silk Road Medical (SILK) approved the company’s merger with Boston Scientific (BSX) at a special meeting of shareholders. The Merger is currently expected to be completed in the second half 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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