InsideArbitrage Event Driven Monitor – May 14, 2025

Merger Arbitrage

1. LSEA: The acquisition of Landsea Homes Corporation (LSEA) by New Home Co., for a closing value of $1.2 billion. Under the terms of the agreement, New Home will commence a tender offer to acquire all outstanding shares of Landsea Homes for $11.30 per share in cash. (Press Release)
2. BLUE: Carlyle (CG), SK Capital Partners, and Beacon Parent announced that Beacon Merger Sub has extended the expiration date of its offer to acquire all of the outstanding common stock of bluebird bio (BLUE) to expire on May 28, 2025, from May 12, 2025. Equiniti Trust advised that as of May 12, 2025, about 2.5 million shares of bluebird common stock have been validly tendered.
3. BRDG: Apollo Global (APO) filed Form S-4 for the acquisition of Bridge Investment Group (BRDG). The special meeting of shareholders will be held on June 17, 2025.

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