InsideArbitrage Event Driven Monitor – August 21, 2025

Merger Arbitrage

1. GES: The acquisition of Guess Inc. (GES) by Authentic Brands Group, Co-Founders Maurice and Paul Marciano, and CEO Carlos Alberini Partner for a closing value of $1.4 billion. Guess? shareholders will receive $16.75 per share in cash, representing a premium of 25.56% from the stock’s last close. (Press Release)
2. MURA: The acquisition of Mural Oncology plc (MURA) by XOMA Royalty Corp. (XOMA) for a closing value of $36.2 million in cash. Each Mural shareholder would receive a base cash price of $2.035 per share and may receive an additional cash amount per share of up to $0.205, which would be calculated based on the amount by which Mural’s Closing Net Cash exceeds its Estimated Closing Net Cash. The base price of $2.035 per share represents a premium of 13.06% from the stock’s last close. (Press Release)
3. SPTN: SpartanNash (SPTN) announced that C&S voluntarily withdrew its HSR Act Notification and Report Form on August 18, 2025, to provide the Federal Trade Commission (FTC) with additional time to review the merger. C&S resubmitted its HSR Act Notification and Report Form on August 19, 2025, commencing a new 30-day waiting period under the HSR Act.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.