InsideArbitrage Event Driven Monitor – September 11, 2025
Merger Arbitrage
- PBPB: The acquisition of Potbelly Corporation (PBPB) by RaceTrac, Inc. for a closing value of $566 million. Hero Sub Inc., a wholly-owned subsidiary of RaceTrac, will commence a tender offer to acquire all outstanding shares of Potbelly for $17.12 per share in cash, representing a premium of 32.41% from the stock’s last close. (Press Release)
- VMEO: The acquisition of Vimeo, Inc. (VMEO) by Bending Spoons for a closing value of $1.38 billion. Vimeo shareholders will receive $7.85 per share in cash for each share of Vimeo capital stock that they own, representing a premium of 63.20% from the stock’s last close. (Press Release)
- BASE: Couchbase (BASE) announced that its shareholders have voted to approve the acquisition by Haveli.
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