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InsideArbitrage Event Driven Monitor – October 14, 2024

  • October 14, 2024

Merger Arbitrage

  1. X: Reuters reported that Nippon Steel will sell its entire 50% stake in a joint-venture steel plant it has in Calvert, Alabama, with ArcelorMittal (MT), if the top Japanese steelmaker succeeds in a buyout bid for United States Steel (X).
  2. CHUY: The acquisition of Chuy’s (CHUY) by Darden Restaurants (DRI) was completed on October 11, 2024. It took 86 days for the deal to be completed.
  3. ESGR: Enstar (ESGR) filed a definitive proxy statement. The special meeting of shareholders will be held on November 6, 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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