InsideArbitrage Event Driven Monitor – April 22, 2024
Merger Arbitrage SMMF: On April 19, 2024, Burke & Herbert Financial Services Corp (BHRB) and Summit Financial Group (SMMF) announced receipt of all required regulatory approvals or waivers necessary to complete the merger. The merger is expected to close on May 3, 2024. In addition, the Burke & Herbert board of directors has established July 15, 2024, as the date for its annual shareholder meeting. MDC: The acquisition of M.D.C. Holdings (MDC) by Sekisui House (SKHSY) was completed on April 19, 2024. It took 92 days for this deal to be completed. KAMN: The acquisition of Kaman Corporation (KAMN) by Arcline Investment Management was completed on April 19, 2024. It took 91 days for this deal to be completed. FFNW: On April 19, 2024, First Financial Northwest (FFNW) filed the preliminary proxy statement for its merger with Global Federal Credit Union. The companies expect to complete the merger by the fourth quarter of 2024. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deal in the Works BSY: Schneider Electric announced it has been holding discussions with Bentley Systems (BSY) with regards to a potential strategic transaction. VNDA: Butler Hall Capital issued an open...
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