InsideArbitrage Event Driven Monitor – May 30, 2025
Merger Arbitrage
- STRM: The acquisition of Streamline Health Solutions, Inc. (STRM) by MDaudit, for a closing value of $37.4 million. Under the terms of the agreement, MDaudit will acquire all outstanding shares of Streamline stock for $5.34 per share in cash, representing a 133.19% premium from the stock’s last close. (Press Release)
- SVT: Servotronics (SVT) announced that it has amended the terms of the Merger Agreement with TransDigm (TDG), under which the tender offer price has been increased to $47 per share in cash for all of the issued and outstanding common shares of Servotronics. The merger agreement was amended after Servotronics received an unsolicited acquisition proposal from a third party.
- CKPT: Shareholders of Checkpoint Therapeutics (CKPT) approved the company’s merger with Sun Pharmaceutical at a special meeting of shareholders held on May 28, 2025. The companies expect the closing of the merger to occur on May 30, 2025.
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