InsideArbitrage Event Driven Monitor – November 15, 2022

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

Merger Arbitrage

1. Opiant Pharmaceuticals (OPNT) to be acquired by Indivior (LON: INDV) for $49.16 million. Under the terms of the agreement, shareholders of Opiant Pharmaceuticals will receive $20.00 per share in cash plus up to $8.00 per share in contingent value rights that may become payable in the event that certain net revenue milestones are achieved by Opiant’s lead asset (OPNT003) during the relevant seven-year period.
2. Shareholders of ChannelAdvisor Corporation (ECOM) approved the company’s merger with CommerceHub at a special meeting of shareholders.
3.  Archaea Energy (LFG) announced that the special meeting of stockholders will be on December 13, 2022.

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