InsideArbitrage Event Driven Monitor – April 8, 2025

X: President Trump directed the Committee on Foreign Investment in the United States (CFIUS) to conduct a second review of the proposed acquisition of U.S. Steel (X) by Nippon Steel. The review is intended to help determine “whether further action in this matter may be appropriate.” In a White House statement, President Trump gave 45 days under which the CFIUS must submit a recommendation to the President, outlining whether any measures proposed by the parties are sufficient to mitigate the identified national security risks. U.S. Steel welcomed Trump’s decision on a CFIUS review. “His action today validates our Board’s bold decision to challenge President Biden’s unlawful order,” U.S. Steel said.
RDFN: Rocket Companies (RKT) filed Form S-4 for the acquisition of Redfin (RDFN). The transaction is expected to be completed in the second or third quarter of 2025.
VRN: Whitecap announced that the acquisition of Veren (VRN) is expected to be completed on May 12, 2025.

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