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InsideArbitrage Event Driven Monitor – January 31, 2025

  • January 31, 2025

Merger Arbitrage

  1. RVNC: Teoxane announced that, despite its efforts to secure financing since submitting its proposal to Revance (RVNC), it is unable to obtain committed financing within the timeline of Crown’s revised offer. Consequently, Teoxane is withdrawing its proposal effective immediately and will tender all its Revance shares into Crown’s revised offer.
  2. IPG: Omnicom (OMC) filed the form S-4 for the acquisition of Interpublic Group of Companies (IPG). The special meeting of shareholders will be held on March 18, 2025.
  3. JNPR: The Justice Department announced that it has sued to block the acquisition of Juniper Networks (JNPR) by Hewlett Packard Enterprise (HPE). Both the companies have issued a joint response following the DOJ’s legal action aimed at blocking their merger. They stated that they would vigorously challenge what they viewed as an overreaching interpretation of antitrust laws.

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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