InsideArbitrage Event Driven Monitor – April 24, 2025

Merger Arbitrage

1. PPBI: The acquisition of Pacific Premier Bancorp, Inc. (PPBI) by Columbia Banking System, Inc. (COLB), for a closing value of $2 billion. Under the terms of the agreement, Pacific Premier stockholders will receive 0.9150 of a share of Columbia common stock for each Pacific Premier share they own. The merger is valued at about $20.83 per Pacific Premier share. (Press Release)
2. PWOD: Northwest Bancshares (NWBI) announced that it has received all regulatory and shareholder approvals required to complete the merger of Penns Woods Bancorp (PWOD). The merger is expected to be completed in late July 2025.
3. OPTN: OptiNose (OPTN) announced that Paratek and the company anticipate closing the deal on May 21, 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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