InsideArbitrage Event Driven Monitor – November 4, 2024

Merger Arbitrage

1. WMPN: The acquisition of William Penn Bancorporation (WMPN) by Mid Penn Bancorp (MPB), for a closing value of $127 million. Under the terms of the agreement, shareholders of William Penn will receive 0.4260 shares of Mid Penn common stock for each share of William Penn common stock. The implied transaction value is about $13.58 per William Penn share. (Press Release)
2. SRCL: Stericycle (SRCL) announced that it received all antitrust and foreign investment approvals and clearances required for the merger in Canada and Spain.
3. GVP: The acquisition of GSE Systems (GVP) by Pelican Energy Partners was completed on November 1, 2024. It took 85 days for the deal to be completed.

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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