InsideArbitrage Event Driven Monitor – May 7, 2025
Merger Arbitrage
- FARO: The acquisition of FARO Technologies, Inc. (FARO) by AMETEK, Inc. (AME), for a closing value of $920 million. Under the terms of the agreement, AMETEK will acquire all outstanding shares of FARO Technologies common stock for $44 per share in cash. (Press Release)
- AVDX: The acquisition of AvidXchange Holdings, Inc. (AVDX) by TPG Inc. (TPG) and Corpay (CPAY), for a closing value of $2.2 billion. Under the terms of the agreement, TPG and Corpay will acquire AvidXchange for $10.00 per share in a cash transaction. (Press Release)
- AZEK: James Hardie (JHX) filed Form F-4 for the acquisition of AZEK (AZEK). The transaction is expected to be completed in the second half of 2025.
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