InsideArbitrage Event Driven Monitor – July 11, 2025
Merger Arbitrage
- DALN: The acquisition of DallasNews Corporation (DALN) by Hearst for a closing value of $74.94 million. Under the terms of the agreement, DallasNews shareholders will receive $14.00 in cash for each share of common stock, representing a premium of 218.91% from the stock’s last close. (Press Release)
- KLG: The acquisition of WK Kellogg Co (KLG) by The Ferrero Group for a closing value of $3.1 billion. Under the terms of the agreement, Ferrero will acquire all outstanding equity of WK Kellogg Co for $23.00 per share in cash, representing a premium of 31.43% from the stock’s last close. (Press Release)
- BPMC: Blueprint Medicines (BPMC) announced that the waiting period under the HSR Act expired on July 9, 2025. The expiry of the statutory (Phase I) waiting period in Austria occurred on July 8, 2025.
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