InsideArbitrage Event Driven Monitor – March 4, 2025

Merger Arbitrage

1. IVAC: Irvine Acquisition Holdings, Inc., a wholly owned subsidiary of Seagate Technology (STX), commenced the tender offer to acquire Intevac (IVAC), for $4 per share. The offer will expire on March 28, 2025.
2. IPG: Interpublic Group (IPG) announced the sale of R/GA to Truelink Capital. Financial terms of the transaction were not disclosed.
3. VCSA: Davidson Kempner Capital Management removed the credit agreement amendment condition from its initial offer to Vacasa’s (VCSA) Special Committee, ensuring the proposal is no longer subject to any equity or debt financing contingency. With Davidson Kempner prepared to backstop the credit agreement, all other terms remain unchanged, and it has also committed to covering the $4.08 million termination fee.

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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