InsideArbitrage Event Driven Monitor – May 21, 2025

Merger Arbitrage

1. SATX: Satixfy Communications (SATX) and MDA amended the Merger Agreement to increase the merger consideration to an all-cash transaction for $3 per ordinary share, which implies an aggregate equity value of about $280 million. The amendment was in response to a Third Party’s proposal during the go-shop period to acquire all of the outstanding shares of Satixfy in an all-stock transaction of $233.5 million.
2. SSBK: FB Financial (FBK) filed Form S-4 for the acquisition of Southern States Bancshares (SSBK). The special meeting of shareholders will be held on June 26, 2025.
3. DNB: Dun & Bradstreet (DNB) filed the merger notification with the European Commission for its acquisition by Clearlake Capital. The regulator set June 26, 2025, as the provisional deadline for the decision.

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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