InsideArbitrage Event Driven Monitor – October 27, 2022
Quick updates on the event-driven strategies we follow on InsideArbitrage. It is interesting to see insider buying in regional banks for a second day in a row.
Merger Arbitrage
- Shareholders of EVO Payments (EVOP) approved the company’s merger with Global Payments (GPN) at a special meeting of shareholders.
- The Board of Governors of the Federal Reserve System approved the application of Columbia Banking System (COLB) with respect to the previously announced combination of Columbia and Umpqua Holdings Corporation (UMPQ).
- According to Bloomberg, Attorney General Karl Racine on behalf of a bipartisan group of attorneys general said that Albertsons (ACI) should hold off on the $4 billion dividend payment to shareholders while the pending merger with Kroger (KR) is reviewed.
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