InsideArbitrage Event Driven Monitor – December 12, 2024

Merger Arbitrage

1. PDCO: The acquisition of Patterson Companies, Inc. (PDCO) by Patient Square Capital, for a closing value of $4.1 billion. Under the terms of the agreement, Patterson shareholders will receive $31.35 in cash per share. (Press Release)
2. ACI: Albertsons (ACI) announced it has exercised its right to terminate its merger agreement with Kroger (KR) after the U.S. District Court in Oregon and the King County Superior Court for the State of Washington issued injunctions for the proposed merger. Albertsons also filed a lawsuit against Kroger in the Delaware Court of Chancery.
3. AGS: PlayAGS (AGS) announced the expiration of the waiting period under the HSR Act for the acquisition of PlayAGS by affiliates of Brightstar Capital Partners. The HSR Act waiting period expired on December 9, 2024.

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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