InsideArbitrage Event Driven Monitor – October 13, 2022

Quick updates on the event-driven strategies we follow on InsideArbitrage.

Merger Arbitrage

1. The acquisition of KnowBe4 (KNBE) by Vista Equity Partners for $4.6 billion or $24.90 per share in cash.
2. Grindrod Shipping Holdings (GRIN) to be acquired by Taylor Maritime Investments Limited and Good Falkirk Limited for $506 million. Under the terms of the agreement, shareholders of Grindrod Shipping Holdings will receive $26.00 per share, comprising the offer price of $21.00 in cash and a special dividend of $5.00.
3. TransGlobe Energy Corporation (TGA) received final approval from the Court of King’s Bench of Alberta for the previously announced plan of arrangement.

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