InsideArbitrage Event Driven Monitor – February 14, 2025

Merger Arbitrage

1. IVAC: The acquisition of Intevac, Inc. (IVAC) by Seagate Technology Holdings plc (STX), for a closing value of $75.46 million. Under the terms of the agreement, Seagate will launch an all-cash tender offer for all of Intevac’s outstanding shares for $4.00 per share in cash. At the closing of the merger, Intevac will pay a one-time special dividend of $0.052 per share. Separately, Intevac’s Board has declared a regular quarterly dividend of $0.05 per share, which will be paid on March 13, 2025. The special dividend and the regular quarterly dividend are in addition to the $4.00 cash consideration in the Transaction. (Press Release)
2. CTV: The acquisition of Innovid (CTV) by Mediaocean was completed on February 13, 2025. It took 84 days for the deal to be completed.
3. STAF: Shareholders of Staffing 360 Solutions (STAF) approved the company’s merger with Atlantic International (ATLN) at a special meeting of shareholders.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.