InsideArbitrage Event Driven Monitor – June 3, 2025

Merger Arbitrage

1. INZY: Incline Merger Sub, Inc., a wholly owned subsidiary of BioMarin Pharmaceutical (BMRN), commenced the tender offer to acquire Inozyme Pharma (INZY) for $4 per share. The offer will expire on June 30, 2025.
2. SVT: TDG Rise Merger Sub, Inc., a wholly owned subsidiary of TransDigm (TDG), commenced the tender offer to acquire Servotronics (SVT) for $47 per share in cash. The offer will expire on June 30, 2025.
3. LSEA: Landsea Homes (LSEA) announced that it expects to receive $700 million in equity financing, which is $50 million more than the originally contracted amount. As a result, the companies expect to reduce the amount of funding used from the Land Bank Arrangement to finance the merger.

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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