InsideArbitrage Event Driven Monitor – November 7, 2024

Merger Arbitrage

1. ROIC: The acquisition of Retail Opportunity Investments Corp (ROIC) by Blackstone Inc. (BX) for $4 billion in an all-cash deal. Under the terms of the agreement, Blackstone Real Estate Partners X (BX) will acquire all outstanding common shares of ROIC for $17.50 per share in cash. (Press Release).
2. CDMO: The acquisition of Avid Bioservices, Inc. (CDMO) by GHO Capital Partners and Ampersand Capital Partners for $1.1 billion in an all-cash deal. As per the terms of the agreement, GHO and Ampersand would acquire all the outstanding shares held by Avid’s stockholders for $12.50 per share in cash. (Press Release).
3. SRDX: The Merger was approved by Surmodics’ (SRDX) shareholders at a special meeting on August 13, 2024. The company and GTCR currently expect to consummate the Merger in the company’s second fiscal quarter ending March 31, 2025.

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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