Some highlights from this weekend’s Event Driven Monitor
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The Event of the Week
We want to thank Roderick for joining us on Friday to chat thematics, ED and KEDM. We covered a TON of ground from nic pouches, to US automotive (Issue 237), to Long Vol names. As we typically do, we will get the recording up on the Video section of the website later this week. In the meantime, we’ve added the AI generated Kliff Notes at the link below. Enjoy!
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Kuppy’s Tweet of the Week
Chart and Kliff Note of the Week
M&A Monitor: TEGNA Inc and Nexstar, NXST, entered into a definitive agreement for NXST to acquire TGNA for $22/shr. The WSJ reports that Sinclair, SBGI, is floating around and considering a bid for TGNA in the range of $25-30/shr. See the Spin notes for more details.
Announced Buyback Monitor: SBET is seeing its mNAV drop to around 1 and decided to pop a 1.5B buyback program. Reflexivity gonna kick into high gear to the downside at some point here…
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Kuppy’s Event Driven Monitor scans over 20 corporate events for market moving information and distills them into our propietary “Kliff Notes.” One profitable trade should more than cover an annual subscription and access to the Event Driven chatroom!