InsideArbitrage Event Driven Monitor – November 4, 2025

CIVI: The acquisition of Civitas Resources, Inc. (CIVI) by SM Energy Company (SM) for a closing value of $8.4 billion. Civitas stockholders will receive 1.45 shares of SM Energy, representing an implied value of $30.29 per Civitas share, which is at a premium of 5.07% from the stock’s last close. (Press Release)
KVUE: The acquisition of Kenvue Inc. (KVUE) by Kimberly-Clark Corporation (KMB) for a closing value of $48.7 billion. Kenvue shareholders will receive $3.5 per share in cash as well as 0.14625 Kimberly-Clark shares for each Kenvue share held, for a total consideration to Kenvue shareholders of $21.01 per share. This represents a premium of 46.21% from the stock’s last close. (Press Release)
NGD: The acquisition of New Gold Inc. (NGD) by Coeur Mining, Inc. (CDE) for a closing value of $7 billion. New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share. The exchange ratio implies consideration of $8.51 per New Gold common share, representing a premium of 15.94% from the stock’s last close. (Press Release)

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.

Subscribe Today