InsideArbitrage Event Driven Monitor – September 16, 2025

Merger Arbitrage

1. BRY: The acquisition of Berry Corporation (BRY) by California Resources Corporation (CRC) for a closing value of $717 million. Berry shareholders will receive a fixed exchange ratio of 0.0718 shares of California Resources common stock for each share of Berry common stock owned, representing a price of $3.81 per share. The price is at a premium of about 15% from the stock’s last close. (Press Release)
2. ZK: ZEEKR (ZK) announced that at an extraordinary general meeting of shareholders, the company’s shareholders voted in favor of the merger with Geely.
3. DALN: DallasNews (DALN) announced that it has amended the merger with Hearst to increase the per share purchase price from $15 to $16.5 per share in cash.

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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