InsideArbitrage Event Driven Monitor – November 25, 2025

Merger Arbitrage

1. BLFY: The acquisition of Blue Foundry Bancorp (BLFY) by Fulton Financial Corporation (FULT) for a closing value of $243 million. Each share of Blue Foundry common stock will be exchanged for 0.65 shares of Fulton common stock, valuing Blue Foundry at $11.67 per share, representing a 47.35% premium from the stock’s last close. (Press Release)
2. TBHC: The acquisition of The Brand House Collective, Inc. (TBHC) by Bed Bath & Beyond Inc. (BBBY) for a closing value of $123.76 million. The Brand House Collective shareholders will receive 0.1993 shares of Bed Bath & Beyond common stock for each The Brand House Collective share. This reflects a price of $1.12 per Brand House share, which represents a 15.63% discount from the stock’s last close. (Press Release)
3. IPG: The European Commission announced it has approved unconditionally, under the EU Merger Regulation, the acquisition of Interpublic Group of Companies (IPG) by Omnicom Group (OMC). The Commission concluded that the merger would raise no competition concerns in the European Economic Area (EEA).

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