InsideArbitrage Event Driven Monitor – February 25, 2025
Merger Arbitrage
- BRDG: The acquisition of Bridge Investment Group Holdings Inc. (BRDG) by Apollo Global Management, Inc. (APO), for a closing value of $1.5 billion. Under the terms of the agreement, Bridge stockholders and Bridge OpCo unitholders will receive, at closing, 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively. (Press Release)
- AZPN: Emerson Electric (EMR) announced that to finance the acquisition of Aspen Technology (AZPN), it signed a $3 billion 364-Day Credit Agreement on February 11, with JPMorgan as the agent, and Bank of America and Goldman Sachs as syndication agents. This credit facility will expire on February 10, 2026.
- ACCD: Transcarent and Accolade (ACCD) announced the expiration of the waiting period under the HSR Act with respect to their merger. The transaction remains on track to be completed in the second quarter of calendar year 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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