InsideArbitrage Event Driven Monitor – October 16, 2026

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

PAG: The acquisition of Penske Automotive Group, Inc. (PAG) by Motown Acquisition Corp., an entity owned by Penske Corporation and Mitsui & Co., Ltd., for a closing value of $16.3 billion. Holders of Penske Automotive Group common stock, other than Penske Corporation, Mitsui and the other members of the investor group, will receive $212 per share in cash, representing a premium of 8.84% over the stock’s last close. In July, the investor group led by Penske Corp and Mitsui had submitted a non-binding proposal to acquire Penske Automotive Group for $210 per share in cash. (Press Release)
CCC: The acquisition of CCC Intelligent Solutions Holdings Inc. (CCC) by GTCR and Elliott Investment Management L.P. for a closing value of $6.1 billion. CCC stockholders will receive $7.75 in cash for each share of CCC common stock, representing a premium of 1.44% over the stock’s last close. In July, Reuters reported that CCC was exploring a sale of the company. (Press Release)
VRNS: The acquisition of Varonis Systems, Inc. (VRNS) by Proofpoint, Inc., a portfolio company of Thoma Bravo, for a closing value of $6.3 billion. Varonis shareholders will receive $49.75 per share in cash, representing a 5.09% premium over the stock’s last close. In June, Bloomberg reported that Varonis was exploring options including a potential sale after receiving takeover interest. (Press Release)

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

Subscribe Today