InsideArbitrage Event Driven Monitor – November 5, 2024

Merger Arbitrage

1. STAF: The acquisition of Staffing 360 Solutions, Inc. (STAF) by Atlantic International Corp. (ATLN), for a closing value of $25 million. Under the terms of the agreement, Staffing 360 shareholders will receive 1.202 Atlantic shares for each Staffing 360 share, representing a value of $6.29 per share. (Press Release)
2. ATSG: The acquisition of Air Transport Services Group, Inc. (ATSG) by Stonepeak, for a closing value of $3.1 billion. Under the terms of the agreement, holders of Air Transport Services Group’s common shares will receive $22.50 per share in cash. (Press Release)
3. CTLT: EU antitrust regulators will decide by December 6, 2024, whether to clear the acquisition of Catalent (CTLT) by Novo Nordisk (NVO), according to a filing on the European Commission website.

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