InsideArbitrage Event Driven Monitor – May 4, 2026
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Merger Arbitrage
- ESPR: The acquisition of Esperion Therapeutics, Inc. (ESPR) by ARCHIMED for a closing value of up to $1.1 billion. Esperion shareholders will receive $3.16 per share in cash, representing a premium of 58% from the stock’s last close. Shareholders will also receive one non-tradeable contingent value right (CVR) that will entitle the holder to participate in two contingent milestone payments of up to $100 million in the aggregate. (Press Release)
- FARM: Farmer Brothers (FARM) announced that its stockholders approved the acquisition by Royal Cup during a special meeting. Royal Cup is required to close the deal by May 6.
- CTLP: The Federal Trade Commission (FTC) announced that 365 Retail will be required to divest Cantaloupe’s (CTLP) Three Square Market business to merge with Cantaloupe under the proposed FTC order. 365 Retail has to divest the business to Seaga Manufacturing Inc.
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