InsideArbitrage Event Driven Monitor – April 7, 2025

Merger Arbitrage

1. EBTC: Shareholders of Enterprise Bancorp (EBTC) approved the company’s merger with Independent Bank (INDB) at a special meeting of shareholders held on April 3, 2025.
2. SLRN: Acelyrin (SLRN) filed a definitive proxy statement. Acelyrin received an unsolicited acquisition proposal on March 18, from Company D, offering $2.7 per share in cash plus a contingent value right (CVR) of up to $3 per share based on regulatory approval and global sales milestones for lonigutamab. The Acelyrin Board determined that the offer could result in a Superior Proposal, but Company D decided it would no longer pursue the acquisition.
3. BRKL: Berkshire Hills Bancorp (BHLB) filed Form S-4 for the acquisition of Brookline Bancorp (BRKL). The special meeting of stockholders will be held 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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