InsideArbitrage Event Driven Monitor – April 1, 2025
Merger Arbitrage
- COOP: The acquisition of Mr. Cooper Group Inc. (COOP) by Rocket Companies, Inc. (RKT), for a closing value of $9.4 billion. Under the terms of the agreement, Mr. Cooper shareholders will receive a fixed exchange ratio of 11.0 Rocket shares for each share of Mr. Cooper common stock, which represents a $143.33 per share value. (Press Release)
- SSBK: The acquisition of Southern States Bancshares, Inc. (SSBK) by FB Financial Corporation (FBK), for a closing value of $381 million. Under the terms of the agreement, Southern States’ shareholders will receive 0.800 shares of FB Financial common stock for each share of Southern States stock. The implied transaction value is about $37.64 per Southern States share. (Press Release)
- SSTK: Getty Images (GETY) filed Form S-4 for the acquisition of Shutterstock (SSTK). The transaction is expected to be completed in the second half of 2025.
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