InsideArbitrage Event Driven Monitor – December 30, 2024

Merger Arbitrage

1. AMED: Amedisys (AMED) and UnitedHealth Group (UNH) extended the deadline to complete the merger, allowing more time unless either the U.S. District Court for the District of Maryland permanently blocks the merger or the new deadline of December 31, 2025, is reached. If the merger fails due to regulatory issues, a fee of $275 million will apply, which could increase to $325 million if certain deadlines for selling assets to gain approval are missed.
2. CNSL: The acquisition of Consolidated Communications Holdings (CNSL) by Searchlight Capital Partners and British Columbia Investment Management Corporation was completed on December 27, 2024. It took 438 days for the deal to be completed.

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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