InsideArbitrage Event Driven Monitor – October 7, 2024

Merger Arbitrage

1. SILV: The acquisition of SilverCrest Metals Inc. (SILV) by Coeur Mining, Inc. (CDE), for a closing value of $1.7 billion. Under the terms of the agreement, SilverCrest shareholders will receive 1.6022 Coeur common shares for each SilverCrest common share, which implies a consideration of $11.34 per SilverCrest common share.
2. EVRI: Everi (EVRI) filed a definitive proxy statement. The special meeting of shareholders will be held on November 14, 2024.
3. RVNC: Revance (RVNC) in an update regarding its ongoing discussions with Teoxane announced that it has until October 15, 2024, to address the alleged breaches of their distribution agreement. Due to these discussions, Revance and Crown Laboratories have further extended the start date of Crown’s tender offer to October 18, 2024, or another mutually agreed date.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.