InsideArbitrage Event Driven Monitor – December 17, 2025

Merger Arbitrage

1. CSGS: CSG Systems (CSGS) filed a definitive proxy statement. The special meeting of shareholders will be held on January 30, 2026.
2. TRUE: TrueCar (TRUE) announced that leading independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have recommended that TrueCar stockholders vote “FOR” the merger with Fair Holdings. The deal is expected to close in the fourth quarter of 2025 or early 2026.
3. KVUE: Kenvue (KVUE) filed a definitive proxy statement. The companies expect the merger to be completed in the second half of 2026.

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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