InsideArbitrage Event Driven Monitor – December 3, 2024

Merger Arbitrage

1. X: President-elect Donald Trump said that he is against U.S. Steel’s (X) acquisition by Japan’s Nippon Steel. He said that he would impose a “series of Tax Incentives and Tariffs” which would “happen fast”. “As President, I will block this deal from happening,” Trump said in a Truth Social post.
2. LBPH: The acquisition of Longboard Pharmaceuticals (LBPH) by H. Lundbeck A/S was completed on December 2, 2024. It took 49 days for the deal to be completed.
3. NAPA: Duckhorn (NAPA) filed a definitive proxy statement. The special meeting of shareholders will be held on December 23, 2024.

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