SDI - Merger Arbitrage Mondays - Advent Attempts To Walk Away
Merger activity remained stuck in neutral last week with no new deals announced and no deals closing. We did have one deal enter into litigation, and arbitrageurs are watching it closely to see if the courts can force the acquiring company to close the deal on the original terms.
There were a few updates for some active deals in our table. Forescout Technologies ([[FSCT]]) commenced litigation against Advent International after Advent notified Forescout that it would not consummate the acquisition on May 18, 2020, as scheduled. The Board of Directors of Tetraphase Pharmaceuticals ([[TTPH]]) determined