InsideArbitrage Event Driven Monitor – December 17, 2024

Merger Arbitrage

1. BRKL: The acquisition of Brookline Bancorp, Inc. (BRKL) by Berkshire Hills Bancorp, Inc. (BHLB), for a closing value of $1.1 billion. Under the terms of the agreement, each outstanding share of Brookline common stock will be exchanged for the right to receive 0.42 shares of Berkshire common stock. The transaction is valued at about $12.68 per share of Brookline common stock. (Press Release)
2. BEST: BEST Inc. (BEST) filed a preliminary proxy statement for its acquisition by BEST Global Partners. The Merger is expected to be consummated in the first quarter of 2025.
3. DM, MKFG: Nano Dimension (NNDM) announced changes in the composition of its Board. Nano’s new Board consists of four members: Ofir Baharav, Robert Pons, Joshua Rosensweig, and Kenneth Traub.

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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