InsideArbitrage Event Driven Monitor – June 16, 2025
Merger Arbitrage
- ETWO: Bloomberg reported that lenders to Australian software developer WiseTech Global are syndicating a $3 billion loan backing its acquisition of U.S.-based supply chain software platform E2open (ETWO). The loan comprises tenors of two, three, four, and five years with interest margins starting at 190 basis points for the two-year tenor and up to 235 basis points for the five-year part.
- X: President Trump approved the merger of U.S. Steel (X) with Nippon Steel, stating that national security concerns can be mitigated under set conditions. The companies also agreed to a National Security Agreement to provide $11 billion in U.S. investments, a Golden Share for the government, and announced that it has received all necessary regulatory approvals.
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