InsideArbitrage Event Driven Monitor – May 23, 2025
Merger Arbitrage
- PHX: WhiteHawk Merger Sub, Inc., a wholly owned subsidiary of WhiteHawk Energy, LLC, commenced the tender offer to acquire PHX Minerals (PHX) for $4.35 per share in cash. The offer will expire on June 20, 2025.
- CKPT: Checkpoint Therapeutics (CKPT) announced that the waiting period applicable under the HSR Act expired on May 21, 2025. The companies expect the closing of the merger to occur on May 30, 2025.
- BRKL: Shareholders of Brookline Bancorp (BRKL) approved the company’s merger with Berkshire Hills Bancorp (BHLB) at a special meeting of shareholders held on May 21, 2025.
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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