InsideArbitrage Event Driven Monitor – December 18, 2024

Merger Arbitrage

1. PWOD: The acquisition of Penns Woods Bancorp, Inc. (PWOD) by Northwest Bancshares, Inc. (NWBI), for a closing value of $270.4 million. Under the terms of the agreement, Penns Woods shareholders will be entitled to receive 2.385 shares of Northwest common stock for each share of Penns Woods common stock they own. The transaction is valued at about $34.44 per share of Penns Woods common stock. (Press Release)
2. B: Barnes Group (B) filed the notification with the European Commission for the acquisition by Apollo Global Management (APO). The Commission has set January 31, 2025, as the provisional deadline for its decision.
3. SILV: SilverCrest Metals (SILV) announced that the special meeting of shareholders for the merger with Coeur Mining (CDE) will be held on February 6, 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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