InsideArbitrage Event Driven Monitor – April 2, 2025

DADA: The acquisition of Dada Nexus Limited (DADA) by JD Sunflower Investment Limited, for a closing value of $80.72 million. Under the terms of the agreement, JD Sunflower Merger Sub Limited will merge into Dada Nexus. After the merger, Dada will continue to operate as the surviving company and will become a wholly owned subsidiary of JD Sunflower Investment Limited, which is fully owned by JD.com, Inc. (JD). Shareholders who own the American Depository Shares (ADSs) of Dada (each ADS equals four ordinary shares) will get $2.00 per ADS in cash when the merger is complete. The ordinary shareholders will receive $0.50 per share in cash. (Press Release)
SATX: The acquisition of Satixfy Communications Ltd. (SATX) by MDA Space Ltd., for a closing value of $269 million. Under the terms of the agreement, MDA Space will acquire all outstanding ordinary shares of SatixFy for $2.10 in cash per share. (Press Release)
BECN: Beacon Roofing Supply (BECN) announced that the expiration date of the tender offer is extended to April 14, 2025. As of March 31, 2025, 26.4 million shares have been validly tendered, representing about 42.66% of the issued and outstanding shares.

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