InsideArbitrage Event Driven Monitor – December 19, 2025
Merger Arbitrage
- LNKB: The acquisition of LINKBANCORP, Inc. (LNKB) by Burke & Herbert Financial Services Corp. (BHRB) for a closing value of $458.02 million. Burke & Herbert will acquire LINK in an all-stock transaction valued at $9.38 per share of LINK common stock, representing a 10.09% premium from the stock’s last close. Holders of LINK common stock will have the right to receive 0.1350 shares of Burke & Herbert common stock for each share of LINK common stock. (Press Release)
- PLYM: Plymouth Industrial (PLYM) filed a definitive proxy statement. The special meeting of shareholders will be held on January 22, 2026.
- HOUS: Reuters reported that two Democratic U.S. Senators said that U.S. antitrust enforcers should consider blocking a bid by Compass (COMP), the nation’s largest residential real estate broker, to acquire rival Anywhere Real Estate (HOUS), amid a housing shortage. Senators Elizabeth Warren of Massachusetts and Ron Wyden of Oregon said in a letter to antitrust officials at the Department of Justice and Federal Trade Commission that the deal could contribute to high broker fees and limit access to home listings, hurting homebuyers who already face high costs.
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