InsideArbitrage Event Driven Monitor – May 29, 2026
The InsideArbitrage May 29 roundup highlights several high‑profile M&A moves, including Fertitta Entertainment’s $17.6 billion cash acquisition of Caesars Entertainment at a 7.71% premium and the approved merger of CECO Environmental with Thermon Group slated to close June 1. Regulatory headwinds surfaced as the Surface Transportation Board paused its review of the Union Pacific‑Norfolk Southern rail merger, while AkzoNobel rebuffed a $14.5 billion takeover bid to stay on track with its Axalta merger. Completed deals such as American Woodmark’s sale to MasterBrand and Mission Produce’s purchase of Calavo Growers underscore rapid deal execution, and a wave of insider purchases and share‑buyback programs signals strong capital allocation confidence.
Fertitta Entertainment Acquires Caesars Entertainment for $17.6 Billion
Fertitta Entertainment announced a $17.6 billion acquisition of Caesars Entertainment, offering $31 in cash per share—a 7.71% premium to the prior close. The transaction values Caesars at roughly 8.9 times its EBITDA and is slated to close in 2027 after a go‑shop...
InsideArbitrage Event Driven Monitor – May 28, 2026
The May 28 InsideArbitrage roundup highlights several high‑profile merger arbitrage events, including the completion of Veris Residential’s $3.5 billion acquisition and shareholder approvals for Webster Financial’s merger with Santander and Stellar Bancorp’s deal with Prosperity Bancshares. Diana Shipping lifted its cash offer...
The $130 Billion Acquisition of Dominion Energy – The Special Situations Report Episode 68
NextEra Energy announced a $130 billion acquisition of Dominion Energy, marking the largest deal of 2026. The transaction merges NextEra’s expansive renewable portfolio with Dominion’s natural‑gas and nuclear assets, creating a utility powerhouse. The deal is slated to close in 2027...
AI’s Growing NEE-D for Power Fuels $130 Billion Utility Deal – Merger Arbitrage Mondays
NextEra Energy announced a $130 billion merger with Dominion Energy, creating a combined enterprise valued at roughly $420 billion. Dominion shareholders will receive 0.8138 NextEra shares plus a $0.41 cash dividend per share, representing a 23.75% premium. The transaction gives NextEra a...
Equity Residential to Acquire AvalonBay Communities for $34.91 Billion
Equity Residential announced a definitive all‑stock merger to acquire AvalonBay Communities for $34.91 billion, the largest multifamily REIT combination to date. AvalonBay shareholders will receive 2.793 Equity Residential shares per AvalonBay share, valuing each at $185.12 and giving them a 51.2%...
NextEra Energy to Acquire Dominion Energy for $130 Billion
NextEra Energy announced a $130 billion agreement to acquire Dominion Energy, creating one of the largest U.S. utility operators. Dominion shareholders will receive 0.8138 NextEra shares per Dominion share, a $75.98 per‑share premium of 23.75%, plus a $360 million cash payment at...
After BuzzFeed, Byron Allen Sets His Sights on Starz – Merger Arbitrage Mondays
Byron Allen’s investment firm, Allen Family Capital, purchased a 10.7% stake in Starz for roughly $25 million, prompting the streaming company to adopt a poison‑pill rights plan that activates at 17.5% ownership. Allen, fresh from acquiring a 52% controlling stake in...
Brookfield Bancshares to Acquire NSTS Bancorp for $73.7 Million
Brookfield Bancshares announced a definitive agreement to acquire NSTS Bancorp for $73.7 million, paying $14.28 per share—a 12.9% premium to the prior close. NSTS, the holding company of North Shore Trust and Savings, brings $266.6 million in assets and a portfolio of...
GameStop’s Unusual and Complex Bid for eBay – The Special Situations Report Episode 66
Episode 66 of the Special Situations Report podcast dives into four headline‑making deals. The most eye‑catching is GameStop’s unexpected all‑cash bid to acquire eBay, a move that could reshape two struggling retailers. The show also examines an Italian conglomerate’s purchase...
Apollo Funds to Acquire Emerald for $1.5 Billion
Apollo Funds announced a merger agreement to acquire Emerald Holding and its subsidiary Questex for $1.5 billion, offering $5.03 per Emerald share—a 10.07% premium to the prior close. The deal values Emerald at 11.36 times EBITDA, reflecting a robust multiple for a...
InsideArbitrage Event Driven Monitor – May 11, 2026
The May 11 InsideArbitrage roundup highlights several high‑profile merger arbitrage moves, including Two Harbors raising its cash offer to $12 per share for CrossCountry Mortgage and SkyWater shareholders approving a merger with quantum‑computing firm IonQ. Deal completions this week feature General...
InsideArbitrage Event Driven Monitor – May 8, 2026
The May 8 InsideArbitrage monitor reports a flurry of merger activity, including Knox Lane's $437 million cash acquisition of Cross Country Healthcare at a 31% premium and Angelini Pharma's $4.1 billion purchase of Catalyst Pharmaceuticals with a modest 3.2% premium. Devon Energy completed...
Italy’s Angelini Pharma Acquires Catalyst Pharmaceuticals for $4.1 Billion
Italian drugmaker Angelini Pharma announced a definitive agreement to acquire U.S.-based Catalyst Pharmaceuticals for $4.1 billion in cash. The transaction values Catalyst at $31.5 per share, a 3.21% premium, and represents a 10.22‑times EBITDA multiple. Angelini will fund the purchase with...
Knox Lane to Acquire Cross Country Healthcare in a $437 Million Cash Deal
Knox Lane announced a cash acquisition of Cross Country Healthcare for $437 million, pricing the deal at $13.25 per share—a 31.06% premium to the prior close. The purchase represents 11.82 times Cross Country’s EBITDA and is slated to close in the third...