InsideArbitrage Event Driven Monitor – October 24, 2025

Merger Arbitrage

1. MOFG: The acquisition of MidWestOne Financial Group, Inc. (MOFG) by Nicolet Bankshares, Inc. (NIC) for a closing value of $864 million. Nicolet will exchange shares of its common stock for all of the outstanding shares of MidWestOne common stock, in an all-stock transaction. MidWestOne shareholders will be entitled to receive 0.3175 of a share of Nicolet for each share of MidWestOne, for aggregate merger consideration valued at roughly $41.37 per share, which is at a 45.82% premium from the stock’s last close. (Press Release)
2. HBI: Hanesbrands (HBI) filed a definitive proxy statement. The companies expect the merger to be completed in late 2025 or early 2026.
3. STAA: Alcon (ALC) and STAAR Surgical (STAA) announced the adjournment of STAAR’s Special Meeting of Stockholders scheduled for October 23, 2025, to November 6, 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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