InsideArbitrage Event Driven Monitor – August 13, 2026

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Merger Arbitrage

1. TECH: Bio-Techne (TECH) announced that its Board has decided to pay a dividend of $0.08 per share for the quarter ended June 30, 2026. The quarterly dividend will be payable on August 28, 2026, to all common shareholders of record on August 17, 2026.
2. TECK: Teck Resources (TECK) announced that the consent solicitation relating to its series of notes expired on August 11, 2026. As a result, all revocation rights of the notes have been terminated.
3. NSC: Seven Republican AGs wrote to the Chairman of the US Surface Transportation Board, Patrick Fuchs, expressing their concerns about the Union Pacific (UNP) – Norfolk Southern (NSC) deal. “We are concerned that Union Pacific’s and Norfolk Southern’s revised application fails to present a prima facie case that the transaction is in the public interest, even after the companies’ supplemental submissions,” said the seven AGs led by Montana AG Austin Knudsen.

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