InsideArbitrage Event Driven Monitor – November 15, 2024

Merger Arbitrage

1. CPRI: Capri Holdings (CPRI) announced the mutual termination of its definitive merger agreement with Tapestry (TPR). Capri and Tapestry mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.S. regulatory approvals was unlikely to be met by the merger agreement’s outside date of February 10, 2025.
2. RCM: R1 RCM (RCM) announced that they have received the shareholders approval for its merger with TowerBrook and CD&R at the special meeting of shareholders.
3. EVRI: On November 14, 2024, Everi (EVRI) announced that they have received the shareholders approval for its acquisition by Apollo Funds (APO) at the special meeting of shareholders.

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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