InsideArbitrage Event Driven Monitor – June 23, 2025
Merger Arbitrage
- BASE: The acquisition of Couchbase (BASE) by Haveli Investments for a closing value of $1.5 billion. Under the terms, Couchbase shareholders will receive $24.50 per share in cash. The agreement includes a “go-shop” period through June 23, 2025. The transaction is expected to close in the second half of 2025. (Press Release)
- MAG: Independent proxy advisory firm ISS has recommended that MAG Silver Corp. (MAG) shareholders vote in favor of the proposed plan of arrangement with Pan American Silver Corp.
- PHX: WhiteHawk Energy announced that a majority of the outstanding shares of common stock of PHX Minerals (PHX) were validly tendered. WhiteHawk anticipates the acquisition of PHX on June 23, 2025.
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