InsideArbitrage Event Driven Monitor – November 26, 2024

Merger Arbitrage

1. BCOV: The acquisition of Brightcove Inc. (BCOV) by Bending Spoons for $233 million in an all-cash transaction. As per the terms of the agreement, Brightcove shareholders will receive $4.45 per share in cash for each share of Brightcove common stock that they own. (Press Release)
2. SUM: The acquisition of Summit Materials, Inc. (SUM) by Quikrete Holdings, Inc., for a closing value of $11.5 billion. Under the terms of the agreement, Summit Materials will be acquired by Quikrete Holdings for $52.50 per share in cash. (Press Release)
3. ZUO: Zuora (ZUO) filed the preliminary proxy statement for its merger with Silver Lake and GIC. The company expects the merger to be completed in the first quarter of 2025.

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