InsideArbitrage Event Driven Monitor – March 13, 2025

Merger Arbitrage

1. SWI: SolarWinds (SWI) announced that the waiting period under the HSR Act for its acquisition by Turn/River Capital expired on March 10, 2025. The completion of the merger is expected to occur in the second quarter of 2025.
2. VCSA: Davidson Kempner Capital Management updated its previous offer for Vacasa (VCSA). It proposed structuring the acquisition as a tender offer. It also reduced the minimum liquidity threshold by 33% to $10 million from $15 million. It added that it would provide interim funding between the signing and closing period of $5 million, payable by Davidson Kempner to Vacasa at the transaction signing.
3. AZPN: The acquisition of Aspen Technology (AZPN) by Emerson Electric (EMR) was completed on March 12, 2025. It took 44 days for the deal to be completed.

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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