InsideArbitrage Event Driven Monitor – January 15, 2025

Merger Arbitrage

1. HEES: The acquisition of H&E Equipment Services, Inc. (HEES) by United Rentals, Inc. (URI), for a closing value of $4.8 billion. Under the terms of the agreement, United Rentals intends to commence a tender offer by January 28, 2025, to acquire all of the outstanding shares of H&E common stock for $92 per share in cash. (Press Release)
2. ARCH: The merger of Arch Resources (ARCH) with Consol Energy (CEIX) was completed on January 14, 2025. It took 146 days for the deal to be completed.
3. GATO: Gatos Silver (GATO) announced that its shareholders voted to approve the proposal for the acquisition of First Majestic Silver (AG) at the special meeting of shareholders. The transaction is expected to close on January 16, 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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