InsideArbitrage Event Driven Monitor – April 9, 2025

Merger Arbitrage

1. SATX: Satixfy Communications (SATX) announced that the special meeting of stockholders will be held on May 20, 2025.
2. X: The U.S. Department of Justice filed the motion to pause the CFIUS lawsuit for 60 days, until June 5, 2025. This is to allow CFIUS 45 days to complete the new review, as directed by President Trump’s recent order, and give the President an additional 15 days to act on CFIUS’s recommendation. U.S. Steel (X) and Nippon Steel agreed to the motion, but it still needs court approval.
3. BRKL: Brookline Bancorp (BRKL) filed a definitive proxy statement. The merger is expected to be completed by the end of the second half of 2025.

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