InsideArbitrage Event Driven Monitor – May 28, 2025

INFA: The acquisition of Informatica Inc. (INFA) by Salesforce, Inc. (CRM), for a closing value of $8 billion. Under the terms of the agreement, holders of Informatica’s Class A and Class B-1 common stock will receive $25 in cash per share, representing a premium of 10.86% from the stock’s last close. (Press Release)
MTAL: The acquisition of MAC Copper Ltd. (MTAL) by Harmony Gold Mining Company Limited (HMY), for a closing value of $1.03 billion. Under the terms of the agreement, Harmony Gold (Australia) Pty Ltd, a wholly owned subsidiary of Harmony Gold Mining, will acquire all of the issued share capital in MAC Copper for $12.25 cash per share, representing a premium of 20.69% from the stock’s last close. (Press Release)
PLYA: Hyatt Hotels (H) announced that HI Holdings Playa B.V. has extended the offering period of its cash tender offer to purchase all of the outstanding ordinary shares of Playa Hotels & Resorts (PLYA) to June 9, 2025. The 92.46 million Playa ordinary shares reported to us by Computershare Trust as validly tendered as of May 23, 2025, together with the 12.14 million shares owned by Hyatt as of May 23, 2025, represent about 85% of the outstanding shares.

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