InsideArbitrage Event Driven Monitor – October 21, 2024

Merger Arbitrage

1. RVNC: Revance (RVNC) continues to be engaged in discussions with Teoxane regarding the material breach notification. The Distribution Agreement continues to be in full force and effect. Due to the ongoing discussions, Revance and Crown Laboratories agreed to further extend the date to commence the tender offer to October 25, 2024.
2. GVP: GSE Solutions’ (GVP) Board did not believe that the Revised Proposal from the third party was likely to lead to a Superior Proposal and had rejected the offer.

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