Avis Budget Group Loses Its Turnaround CEO

The Special Situations Report Podcast Episode 6

On account of the long weekend in the U.S., we are publishing this episode on Tuesday instead of Monday before the market opens.

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

This week we discuss:

• The confirmed deal for Playa Hotels & Resorts (PLYA) by Hyatt Hotels (H)

• The unusual regulatory approvals for QXO’s (QXO) hostile bid for Beacon Roofing Supply (BECN)

• The potential deal for Springworks Therapeutics (SWTX) by Merck Group (OTC:MKGAF))

• Elliott Management’s activist campaign against Phillips 66 (PSX) asking them to spin-off their midstream assets

• Lyft (LYFT) announcing its inaugural stock buyback program to the tune of $500 million

• DoorDash’s (DASH) $5 billion share repurchase program representing 5% of its market cap at announcement

• Post Holdings’ (POST) $500 million stock buyback program

• Crocs’ (CROX) $1 billion increase to their share repurchase authorization representing 16% of their market cap

• New CEO Spencer Rascoff’s $2 million insider purchase of Match Group (MTCH)

• ASL Strategic Fund’s letter to the Board of Avadel Pharmaceuticals (AVDL)

• Insider buying by the CEO and a Director of Amcor (AMCR)

• A “flip flopper” insider purchase at Enanta Pharmaceuticals (ENTA)

• A new CFO appointment and leadership layoffs at Southwest Airlines (LUV)

• A permanent CFO appointment at Lattice Semiconductor (LSCC)

• Joseph Ferraro stepping down as CEO of Avis Budget Group (CAR) after 45 years at the company

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Transcript of Episode 6: Avis Budget Group Loses Its Turnaround CEO

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