BMY - Merger Arbitrage Mondays - Presidio Receives A Rare Alternative Offer During Go-Shop Period

Merger activity decreased last week with one new deal announced and six deals closing.

Deal Statistics:

New Deals:

1. The acquisition of Arotech Corporation (ARTX) by Greenbriar Equity Group for $100 million or $3.00 per share in cash.

Deal Updates:

1. On September 23, 2019, Cambrex Corporation (CBM) announced the expiration of the 45-day “go shop” period under the previously announced Agreement and Plan of Merger.
2. On September 23, 2019, Bristol-Myers Squibb Company (BMY) announced the extension of the expiration date of the offers to exchange notes issued by Celgene Corporation

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