InsideArbitrage Event Driven Monitor – November 1, 2024

Merger Arbitrage

1. STER: The acquisition of Sterling Check Corp (STER) by First Advantage Corporation (FA) for $2.2 billion was completed on October 31, 2024. It took 245 days for the deal to complete.
2. GRDI: The acquisition of GRIID (GRDI) by CleanSpark (CLSK) for $155 million in an all stock deal was completed on October 31, 2024. It took 126 days for the deal to complete.
3. MRO: Bloomberg reported that Marathon Oil (MRO) warned of a “mass layoff” involving more than 500 employees at its Houston headquarters as part of the takeover by ConocoPhillips (COP).

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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