InsideArbitrage Event Driven Monitor – August 18, 2026

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Merger Arbitrage

1. BRBS: The acquisition of Blue Ridge Bankshares, Inc. (BRBS) by HomeTrust Bancshares, Inc. (HTB) for a closing value of $448.1 million. Blue Ridge shareholders will receive 0.086 shares of HomeTrust common stock for each share of Blue Ridge common stock. The deal would result in aggregate consideration of $4.28 per share, representing a premium of 16% from the stock’s last close. (Press Release)
2. UNF: Uniform Bright released an independent industry report examining the proposed Cintas (CTAS) acquisition of UniFirst (UNF). The report was prepared for submission to the Federal Trade Commission, the Antitrust Division of the U.S. Department of Justice, and state attorneys general.
3. WTRG: American Water Works (AWK) and Essential Utilities (WTRG) announced that the waiting period under the HSR Act expired on August 14, 2026. A settlement in principle has also been reached in Texas.

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