InsideArbitrage Event Driven Monitor – April 22, 2026

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Merger Arbitrage

1. ELSE: The acquisition of Electro-Sensors, Inc. (ELSE) by steute Technologies GmbH & Co. KG. for a closing value of $8.9 million. Shareholders of Electro-Sensors will receive $7.75 in cash per share of common stock, representing a premium of 74.94% from the stock’s last close. (Press Release)
2. LPSN: The acquisition of LivePerson, Inc. (LPSN) by SoundHound AI, Inc. (SOUN) for a closing value of $250 million. SoundHound is acquiring LivePerson for an equity value of $43 million. Based on this value, the per-share price is assumed to be $3.57, representing a 7.21% premium from the stock’s last close. (Press Release)
3. STEL: Stellar Bancorp (STEL) filed a definitive proxy statement. The companies expect the merger to be completed in the second quarter of 2026.

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