InsideArbitrage Event Driven Monitor – April 12, 2023

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

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Merger Arbitrage

1. Diversified Healthcare Trust (DHC) to be acquired by Office Properties Income Trust (OPI) for $3.69 billion in all-stock deal. Under the terms of the merger agreement, DHC shareholders will receive 0.147 shares of OPI for each common share of DHC based on a fixed exchange ratio.
2. ShockWave Medical (SWAV) completed the acquisition of Neovasc (NVCN).
3. Glory Star New Media Group Holdings Limited (GSMG) announced the termination of the agreement and plan of merger with Cheers Inc., which is obligated to pay a termination fee of $1.06 million.

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