InsideArbitrage Event Driven Monitor – January 28, 2025

Merger Arbitrage

1. AZPN: The acquisition of Aspen Technology, Inc. (AZPN) by Emerson Electric Co. (EMR), for a closing value of $16.8 billion. Under the terms of the agreement, Emerson plans to buy all AspenTech shares it doesn’t already own by offering $265.00 per share in cash through a tender offer. (Press Release)
2. X: In response to Ancora, U. S. Steel (X) said that it is “confident” in its deal with Nippon Steel. The Board will present its recommendation regarding director nominees in the future.
3. SILV: SilverCrest Metals (SILV) announced that proxy firm Institutional Shareholder Services (ISS) recommended that SilverCrest shareholders vote “FOR” the merger with Coeur Mining (CDE) to be approved at the upcoming Special Meeting of shareholders to be held on February 6, 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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