InsideArbitrage Event Driven Monitor – October 31, 2024
Merger Arbitrage
- ALTR: The acquisition of Altair Engineering (ALTR) by Siemens AG, for a closing value of $10.32 billion. Under the terms of the agreement, Siemens will acquire Altair in an all-cash transaction for $113 per share. (Press Release)
- LLAP: The acquisition of Terran Orbital (LLAP) by Lockheed Martin (LMT) was completed on October 30, 2024. It took 76 days for the deal to be completed.
- LBPH: H. Lundbeck commenced the tender offer to acquire Longboard Pharmaceuticals (LBPH). The offer is expected to expire on November 27, 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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