InsideArbitrage Event Driven Monitor – April 11, 2025

Merger Arbitrage

1. CHX: The UK’s Competition and Markets Authority (CMA) said it may accept remedies proposed by SLB (SLB) and ChampionX (CHX) for their planned merger. SLB offered to sell its UK chemical technologies business, while ChampionX will divest its stake in US Synthetic. The CMA has until June 11, extendable to August 8, to make a final decision.
2. PDCO: Bloomberg reported that debt financing for Patterson’s (PDCO) sale to Patient Square has been delayed due to market volatility. The company is considering revising terms on its $2.35B bond-and-loan package.
3. ML: MoneyLion (ML) announced that its stockholders voted to approve the definitive agreement with Gen Digital (GEN). All regulatory approvals have been obtained, and MoneyLion and Gen Digital expect to complete the acquisition on April 17, 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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