InsideArbitrage Event Driven Monitor – January 17, 2024

Merger Arbitrage

1. ANSS: The acquisition of Ansys (ANSS) by Synopsys (SNPS)  for a closing value of $35 billion in a cash plus stock deal. Under the terms of the agreement, Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share.
2. TAST: The acquisition of Carrols Restaurant Group (TAST) by Restaurant Brands International (QSR) for a closing value of $1 billion or $9.55 per share in an all-cash transaction.
3. HMST: The acquistion of HomeStreet (HMST) by FirstSun Capital Bancorp (FSUN) for a closing value of $277.15 million or $14.75 per share.  Under the terms of the agreement, the companies will combine in an all-stock transaction in which HomeStreet shareholders will receive 0.4345 of a share of FirstSun common stock for each share of HomeStreet common stock which represents a value of $14.75 per share.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

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