InsideArbitrage Event Driven Monitor – September 30, 2025

Merger Arbitrage

1. EA: The acquisition of Electronic Arts Inc. (EA) by a consortium comprised of PIF, Silver Lake, and Affinity Partners for a closing value of $55 billion. Electronic Arts stockholders will receive $210 per share in cash, representing a premium of 8.61% from the stock’s last close. (Press Release)
2. CLCO: The acquisition of Cool Company Ltd. (CLCO) by EPS Ventures Ltd for a closing value of $1.85 billion. EPS will acquire all of the outstanding shares of CoolCo that are not already held by EPS in exchange for $9.65 in cash per common share, representing a premium of 4.21% from the stock’s last close. (Press Release)
3. ARIS: Western Midstream (WES) and Aris Water (ARIS) announced that the deadline for Aris securityholders to elect the form of merger consideration they wish to receive in the deal has been set for October 7, 2025. The Election Deadline is based on Western’s and Aris’s expectation that the deal will close on October 15, 2025.

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

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