InsideArbitrage Event Driven Monitor – April 17, 2025

Merger Arbitrage

1. BLUE: Carlyle (CG) and SK Capital announced that Beacon Merger Sub has extended the expiration date of its offer to acquire all of the outstanding common stock of bluebird bio (BLUE) till May 2, 2025, from April 18, 2025. bluebird bio announced that after three weeks of engagement, including a timeline extension, Ayrmid did not submit a binding proposal to acquire bluebird and has not obtained necessary financing.
2. RDUS: The Competition Bureau of Canada approved the acquisition of Radius Recycling (RDUS) by Toyota Tsusho America on April 7, 2025.
3. BERY: The Competition Bureau of Canada approved the acquisition of Berry Global Group (BERY) by Amcor (AMCR) on April 8, 2025. The companies had filed the merger notification with the regulator on February 7, 2025.

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