InsideArbitrage Event Driven Monitor – May 6, 2025

Merger Arbitrage

1. SKX: The acquisition of Skechers U.S.A., Inc. (SKX) by 3G Capital, for a closing value of $10.63 billion. Under the terms of the agreement, Skechers shareholders can elect to receive either $63.00 per share in cash; or $57.00 per share in cash and one unlisted, non-transferable equity unit in a newly-formed, privately held company that, following the closing of the transaction, will be the parent company of Skechers. (Press Release)
2. TSVT: 2seventy bio (TSVT) announced that it filed a Premerger Notification and Report Form under the HSR Act with the Antitrust Division and the FTC on April 17, 2025. The waiting period under the HSR Act expired on May 2.
3. BLUE: bluebird bio (BLUE) announced that all required regulatory approvals to complete its acquisition by Carlyle (CG) and SK Capital have been received. The parties expect to complete the merger promptly following the successful completion of the ongoing tender offer, which is scheduled to expire on May 12, 2025.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.