Elliott Management’s Activist Campaigns – The Special Situations Report Podcast Episode 5
When we started this podcast last month, I was wondering if we will have enough special situations to cover on a weekly basis. This week’s podcast is a little information dense but it felt like we barely covered a small portion of everything that happened last week. We are starting to get our feet under us in this new world of podcasting and hope to improve over time.
The episode is out before market open on Mondays on most platforms but this transcript is published later in the day.
The fifth episode of our weekly Special Situations Report Podcast is out and can be found on Spotify, YouTube and Apple Podcasts.
This week we discuss:
Elliott Management’s battle with Emerson Electric (EMR) to get a higher price for Emerson’s $265 per share all cash acquisition of Aspen Technology (AZPN)
United Rentals’ (URI) decision to voluntarily pull and refile the HSR notification related to its acquisition of H&E Equipment Services (HEES)
Several new M&A announcements including the $4.4 billion all cash acquisition of SolarWinds (SWI) by Twin/River Capital for $18.50 per share
A potential deal for Playa Hotels & Resorts (PLYA) by Hyatt Hotels (H) (confirmed this morning)
Steel Connect’s $10.18 per share non-binding proposal to acquire DMC Global (BOOM). The stock was trading at nearly half the price of Steel Connect’s original offer of $16.50 per share
Honeywell’s (HON) decision to split into three separate companies including Honeywell Automation, Honeywell Aerospace and Advanced Materials
Mithaq Capital doubling down on its investment in Children’s Place (PLCE) by participating in a rights offering and converting debt to equity
Director Nik Mittal’s first insider purchase of JetBlue (JBLU)
CEO’s Tom Gayner’s insider purchase of Markel (MKL)
Large stock buyback announcements at Jacobs Solutions (J), PayPal (PYPL) and Fortune Brands Innovations (FBIN)
Zillow’s ex-CEO Spencer Rascoff stepping in as the new CEO of Match Group (MTCH)
Massive C-suite shakeup at Oscar Health (OSCR)
Joakim Weidemanis stepping into the role of CEO at Johnson Controls (JCI) next month
Transcript of Episode 5: Elliott Management’s Activist Campaigns
Full transcript of the episode can be found here on InsideArbitrage.