InsideArbitrage Event Driven Monitor – May 26, 2025

Merger Arbitrage

1. ETWO: The acquisition of E2open Parent Holdings, Inc. (ETWO) by WiseTech Global, for a closing value of $2.1 billion. Under the terms of the agreement, WiseTech Global will acquire E2open Parent for $3.30 per share in cash, representing a 28.40% premium from the stock’s last close. (Press Release)
2. HEES: Herc Holdings (HRI) extended its tender offer to acquire all of the outstanding shares of H&E Equipment Services (HEES) to May 29, 2025. Computershare Trust advised that as of May 22, 2025, 24.83 million H&E shares have been validly tendered, representing about 67.72% of the outstanding H&E shares, and an additional 859,309 H&E shares were tendered under guaranteed delivery procedures, representing an additional approximate 2.34% of the outstanding H&E shares.
3. LSEA: Lido Merger Sub, Inc., a wholly owned subsidiary of New Home, commenced the tender offer to acquire Landsea Homes (LSEA) for $11.30 per share in cash. The offer will expire on June 24, 2025.

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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