InsideArbitrage Event Driven Monitor – December 30, 2025

Merger Arbitrage

1. DBRG: The acquisition of DigitalBridge Group, Inc. (DBRG) by SoftBank Group Corp. for a closing value of $4 billion. SoftBank Group will indirectly acquire all the outstanding common stock of DigitalBridge for $16 per share in cash, representing a premium of 14.94% from the stock’s last close. (Press Release)
2. FONR: The acquisition of FONAR Corporation (FONR) by FONAR, LLC and FONAR Acquisition Sub, Inc., controlled by the previously disclosed acquisition group led by Chief Executive Officer Timothy Damadian, for a closing value of $98.62 million. Holders of FONAR’s common stock will receive $19 per share in cash, representing a 29.60% premium from the stock’s last close. (Press Release)
3. FFIC: The acquisition of Flushing Financial Corporation (FFIC) by OceanFirst Financial Corp. (OCFC), for a closing value of $958.63 million. Flushing stockholders will be entitled to receive 0.85x of a share of OceanFirst common stock for each share of Flushing common stock, valuing Flushing at approximately $16.65 per share, representing a 1.41% discount from the stock’s last close. (Press Release)

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