Inside Arbitrage – Blog

Inside Arbitrage – Blog

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Event-driven investing and merger arbitrage coverage, including deal spreads, risks, and special situations.

Somnigroup International to Acquire Leggett & Platt in a $2.5 Billion All-Stock Deal
NewsApr 13, 2026

Somnigroup International to Acquire Leggett & Platt in a $2.5 Billion All-Stock Deal

Somnigroup International announced an all‑stock acquisition of Leggett & Platt valued at $2.5 billion. Leggett shareholders will receive 0.1455 SGI shares per share, equivalent to $11.36 and a 13.69% premium. The transaction, priced at 6.64 × EBITDA, will give Leggett owners roughly 9%...

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Ares Real Estate Funds to Acquire Whitestone REIT in a $1.7 Billion Cash Deal
NewsApr 9, 2026

Ares Real Estate Funds to Acquire Whitestone REIT in a $1.7 Billion Cash Deal

Ares Real Estate Funds announced a $1.7 billion all‑cash acquisition of Whitestone REIT, offering $19 per share—a 12.16% premium to the prior close. Whitestone, which owns 56 open‑air retail centers across Sunbelt cities, will be bought at 24.94 times its adjusted funds...

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InsideArbitrage Event Driven Monitor – April 9, 2026
NewsApr 9, 2026

InsideArbitrage Event Driven Monitor – April 9, 2026

The InsideArbitrage April 9 roundup spotlights several high‑profile M&A moves, including Garda Therapeutics’ $18‑per‑share cash tender for Assertio (a 2.23% discount) and the completion of Air Lease’s $2.3 billion acquisition by a consortium of Sumitomo, SMBC Aviation, Apollo and Brookfield after 218...

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Assertio Holdings to Be Acquired by Garda Therapeutics in a $125.1 Million Deal
NewsApr 9, 2026

Assertio Holdings to Be Acquired by Garda Therapeutics in a $125.1 Million Deal

Garda Therapeutics announced a definitive agreement to acquire specialty‑pharma firm Assertio Holdings for $125.1 million. The tender offer will pay $18 in cash per share—a 2.23% discount to the prior close—and includes a non‑tradeable contingent value right tied to future Sprix...

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Amazon in Talks to Acquire Globalstar For $9B – The Special Situations Report Episode 61
NewsApr 6, 2026

Amazon in Talks to Acquire Globalstar For $9B – The Special Situations Report Episode 61

Amazon is reportedly in advanced talks to acquire satellite operator Globalstar for roughly $9 billion, a move that would expand its low‑Earth‑orbit (LEO) capabilities. Globalstar, which already serves IoT and maritime customers, is partially owned by Apple, adding a strategic partner...

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Consortium Led by CEO Max Wygod to Take Forian Private for $68 Million
NewsApr 3, 2026

Consortium Led by CEO Max Wygod to Take Forian Private for $68 Million

On April 3 2026, Forian Inc. agreed to be taken private by a consortium led by CEO Max Wygod for $68 million. Shareholders will receive $2.17 per share, a 3.33 percent premium, valuing the company at 2.16 times its annual sales. The deal will close...

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InsideArbitrage Special Situations Newsletter: April 2026
NewsApr 1, 2026

InsideArbitrage Special Situations Newsletter: April 2026

InsideArbitrage’s April 2026 Special Situations newsletter updates its Deal‑in‑the‑Works (DITW) pipeline, now cataloguing 1,109 potential transactions dating back to 2017. The report highlights a renewed “relief rally” as the CNN Fear & Greed Index plunged into single‑digit territory on March 30,...

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InsideArbitrage Event Driven Monitor – April 1, 2026
NewsApr 1, 2026

InsideArbitrage Event Driven Monitor – April 1, 2026

Eli Lilly announced a $6.3 billion cash‑plus‑contingent‑value‑right acquisition of Centessa Pharmaceuticals, paying a 37.8% premium, while Biogen launched a $5.6 billion tender offer for Apellis at a 140% premium. Fidelity BancShares agreed to buy Affinity Bancshares for $142.8 million, offering a 17.3% premium, and...

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Fidelity BancShares Acquires Affinity Bancshares for $142.8 Million in a Cash Deal
NewsMar 31, 2026

Fidelity BancShares Acquires Affinity Bancshares for $142.8 Million in a Cash Deal

Fidelity BancShares announced a cash acquisition of Georgia‑based Affinity Bancshares for $142.8 million, paying $23 per share—a 17.35% premium to the prior close. Affinity contributes roughly $882 million in assets and a portfolio focused on commercial real‑estate, construction, and small‑business lending. The...

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CrossCountry Mortgage to Acquire Two Harbors for $8.45 Billion
NewsMar 27, 2026

CrossCountry Mortgage to Acquire Two Harbors for $8.45 Billion

CrossCountry Mortgage announced an $8.45 billion acquisition of Two Harbors Investment Corp., a leading mortgage REIT. Two Harbors common shareholders will receive $10.8 in cash per share, a 5.26% discount to the prior close, while Series A‑C preferred holders will be...

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InsideArbitrage Event Driven Monitor – March 27, 2026
NewsMar 27, 2026

InsideArbitrage Event Driven Monitor – March 27, 2026

The InsideArbitrage Event Driven Monitor highlights a series of high‑profile M&A moves, including the $22 billion merger‑of‑equals between Equitable Holdings and Corebridge Financial, and Henkel's $1.4 billion cash acquisition of Olaplex at a 55% premium. Servier has opened a tender offer for...

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Henkel to Acquire Olaplex for $1.4 Billion in Cash
NewsMar 26, 2026

Henkel to Acquire Olaplex for $1.4 Billion in Cash

Henkel AG announced a cash acquisition of Olaplex Holdings for $1.4 billion, offering $2.06 per share—a 54.9% premium to the prior close. The deal values Olaplex at 13.72 times its EBITDA and is slated to close in the second half of...

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InsideArbitrage Event Driven Monitor – March 19, 2026
NewsMar 19, 2026

InsideArbitrage Event Driven Monitor – March 19, 2026

The March 19 InsideArbitrage Event Driven Monitor highlighted several high‑profile merger‑arbitrage moves, including SunOpta’s April 16 shareholder meeting following an Ontario court order and Saltchuk’s cash tender offer for Great Lakes Dredge’s 5.25% senior notes due 2029. The Department of...

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Agero to Acquire Urgent.ly in a $156 Million Cash Deal
NewsMar 14, 2026

Agero to Acquire Urgent.ly in a $156 Million Cash Deal

Agero Inc. announced a cash acquisition of Urgent.ly Inc. for $155.92 million, offering $5.5 per share—a 170.94% premium to the prior close. The tender offer, backed by Agero’s wholly‑owned subsidiary, targets all outstanding Urgent.ly shares and is slated to close by...

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