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InsideArbitrage Event Driven Monitor – January 22, 2025

  • January 22, 2025

Merger Arbitrage

  1. X: Reuters reported that the hearing for a lawsuit Nippon Steel and U.S. Steel (X) brought against U.S. President Joe Biden’s administration is scheduled for February and March.
  2. B: The European Commission announced that it has cleared the acquisition of Barnes Group Inc. (B) by Apollo Global Management (APO).
  3. CDMO: Avid Bioservices (CDMOannounced that the independent proxy advisory firms ISS and Glass Lewis recommend that Avid shareholders vote “FOR” its acquisition by GHO Capital Partners and Ampersand Capital Partners.

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