InsideArbitrage Event Driven Monitor – December 1, 2025

Merger Arbitrage

1. SPNS: The European Commission approved, under the EU Merger Regulation, the acquisition of Sapiens (SPNS) by Advent. The Commission concluded that the deal would not raise competition concerns, given that the companies are not active in the same or vertically related markets.
2. EM: Smart Share (EM) filed the preliminary proxy statement for its acquisition by Mobile Charging. The special meeting of shareholders will be held on December 31, 2025.
3. TECK: The Globe and Mail reported that Canada has cleared Anglo American’s (AAUKF) acquisition of Teck Resources (TECK) on national security grounds. The government’s initial security review period has elapsed without an extension, meaning that the deal has been cleared by default on national security grounds.

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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