InsideArbitrage Event Driven Monitor – September 3, 2025

AL: The acquisition of Air Lease Corporation (AL) by Sumitomo Corporation, SMBC Aviation Capital Limited, Apollo Funds (APO), and Brookfield (BAM), for a closing value of $28.2 billion. Air Lease stockholders will receive $65 in cash for each share of Class A common stock of Air Lease, representing a premium of 7.96% from the stock’s last close. (Press Release)
TIXT: The acquisition of TELUS International (Cda) Inc. (TIXT) by TELUS Corporation (TU) for a closing value of $2.9 billion. A purchase price of $4.50 per share will be payable by TELUS, at TELUS Digital shareholders’ election, in $4.50 in cash, 0.273 of a TELUS common share, or a combination of $2.25 in cash and 0.136 of a TELUS common share. Shareholders electing either stock or a combination of both will be subject to proration such that the aggregate consideration will include no more than 25% in TELUS common shares. The cash purchase price of $4.50 per share is at a premium of 15.98% from the stock’s last close. (Press Release)
STAA: Broadwood Partners, which owns a 27.3% stake in STAAR Surgical (STAA), announced that it intends to vote against the proposed acquisition of STAAR Surgical by Alcon (ALC). Broadwood said that after reviewing the preliminary proxy statement, it believes the transaction suffers from multiple process and valuation deficiencies.

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