A Surge in Special Situations Activity

The Special Situations Report Podcast Episode 10

Episode ten of our weekly Special Situations Report Podcast is out and can be found on Spotify, YouTube and Apple Podcasts.

This week we discuss:

• The the acquisition of Redfin (RDFN) by Rocket Companies (RKT)

• An update on QXO’s (QXO) hostile bid for Beacon Roofing Supply (BECN)

• TXNM Energy (TXNM) exploring a sale of the company

• An updated offer for 23andMe (ME) by its CEO Anne Wojcicki that includes CVRs

• Acelyrin (SLRN) adopting a poison pill in response to Tang Capital Partners’ 8.8% stake in the company

• The acquisition of Radius Recyling (RDUS) by Toyota Tsusho in a $1.34 billion all-cash deal

• The acquisition of Checkpoint Therapeutics (CKPT) by Sun Pharmaceutical in a cash plus CVR deal

• The acquisition of Chimerix (CMRX) by Jazz Pharmaceuticals (JAZZ) in an all cash deal

• The distribution of Angi (ANGI) shares by IAC (IAC) when it completes the spinoff later this month

• A massive stock buyback by American Eagle Outfitters (AEO) representing 26% of its market cap

• A $500 million share repurchase announcement by Churchill Dows (CHDN)

• Insider purchases by both the CEO and the COO of WillScot Holdings (WSC)

• Insider purchases by both the CEO and the CFO of First Citizens BancShares (FCNCA)

• Ancora Holdings increasing its stake in U.S. Steel (X) by $100 million

• The appointment of Lip-Bu Tan as the new CEO of Intel (INTC)

• Dustin Moskovitz’s decision to step down as the CEO of Asana (ASAN)

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Transcript of Episode 10: A Surge in Special Situations Activity

Full transcript of the episode can be found here on InsideArbitrage.