InsideArbitrage Event Driven Monitor – December 24, 2024
Merger Arbitrage
- OMIC: The acquisition of Singular Genomics Systems, Inc (OMIC) by Deerfield Management Company, L.P. for $48.06 million in an all-cash deal. As per the terms of the agreement, Deerfield will acquire Singular Genomics for $20.00 per share. (Press Release)
- DESP: The acquisition of Despegar.com, Corp. (DESP) by Prosus, for a closing value of $1.7 billion. Under the terms of the agreement, a wholly owned subsidiary of Prosus will merge with Despegar, with Despegar continuing as the surviving entity, and each outstanding share of Despegar will be converted into the right to receive $19.50 per share in cash. (Press Release)
- JWN: The acquisition of Nordstrom, Inc. (JWN) by the Nordstrom family and El Puerto de Liverpool, S.A.B. de C.V., for a closing value of $6.25 billion. Under the terms of the agreement, Nordstrom common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold. (Press Release)
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