InsideArbitrage Event Driven Monitor – May 12, 2025
Merger Arbitrage
- TASK: The acquisition of TaskUs, Inc. (TASK) by Blackstone Inc. (BX) and TaskUs Co-Founders, for a closing value of $1.62 billion. Under the terms of the agreement, an affiliate of Blackstone, TaskUs Co-Founder and CEO Bryce Maddock, and TaskUs Co-Founder and President Jaspar Weir, will acquire all the outstanding shares of Class A common stock they do not already own for $16.50 per share in an all-cash transaction. (Press Release)
- MAG: The acquisition of MAG Silver Corp. (MAG) by Pan American Silver Corp. (PAAS), for a closing value of $2.1 billion. Under the terms of the agreement, MAG shareholders will be able to elect to receive the consideration as either $20.54 in cash per MAG share or 0.755 common shares of Pan American per MAG share, or a combination of cash and shares, subject to proration such that the aggregate consideration paid to all MAG shareholders consists of $500 million in cash and the remaining consideration paid in Pan American Shares. At closing, Pan American expects to issue an aggregate of about 60 million common shares to MAG shareholders. (Press Release)
- SSBK: FB Financial (FBK) filed Form S-4 for the acquisition of Southern States Bancshares (SSBK). The transaction is expected to be completed in the third quarter of 2025.
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