InsideArbitrage Event Driven Monitor – July 8, 2026

Note: You can click on any section title to jump straight to the related tool or page.

Merger Arbitrage

1. SSTK: Getty Images (GETY) delivered a written notice to Shutterstock (SSTK) terminating the merger agreement, effective upon delivery of such notice. Getty’s outstanding 10.5% senior secured notes due 2030 will be redeemed under the terms of the indenture governing the Senior Secured Notes.
2. TMHC: Taylor Morrison (TMHC) announced that the HSR waiting period expired on July 6, 2026.
3. NSC: Union Pacific (UNP) and Norfolk Southern (NSC) submitted the first portion of their responses to the Surface Transportation Board’s (STB) request for additional information to support their merger application. The filing addresses the STB’s questions regarding Terminal Railroad Association of St. Louis (TRRA), Kansas City Terminal Railway (KCT), and TTX Company. Union Pacific and Norfolk Southern do not control these companies and remain firm in their commitment that they will not control them post-merger.

Only plus or premium subscribers can access this post. Subscribe today.