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Overview of Announced M&A Transactions

Consumer / Retail

Cars.com (CARS) announced the acquisition of Accu-Trade for $65mm of cash and a $63mm earn-out [Press Release]

Energy & Natural Resources

Cummins (CMI) announced the acquisition of the remaining shares in the former Cummins Westport JV from Westport Fuel Systems (WPRT) [Press Release]
Cummins (CMI) announced the acquisition of Jacobs Vehicle Systems for $325mm [Press Release]
Newmont (NEM) announced the purchase of Buenaventura’s (BVN) interest in the Yanacocha mine for $400mm [Press Release]

Financials

Fiserv (FISV) announced the acquisition of Finxact for $650mm [Press Release]

Healthcare

CooperCompanies (COO) announced the acquisition of Cook Medical’s Reproductive Health Business for $875mm [Press Release, Investor Presentation, Conference Call]
Signify Health announced the acquisition of Caravan Health for $250mm [Press Release, Conference Call]
Doximity (DOCS) announced the acquisition of Amion for $83mm [Press Release]
Second Sight Medical Products (EYES) announced an all-stock merger with Nano Precision Medical [Press Release, Investor Presentation]

Industrials

Frontier Airlines (ULCC) and Spirit (SAVE) announced $6.6bn merger [Press Release, Investor Presentation, Conference Call Transcript]
Republic Services (RSG) announced the acquisition of US Ecology (ECOL) for $2.3bn [Press Release]
Maersk (AMKBY) announced the acquisition of Pilot Freight Services for $1.7bn [Press Release]
Resideo Technologies (REZI) announced the acquisition of First Alert from Newell Brands (NWL) for $593mm [Press Release]

Real Estate

Walker & Dunlop (WD) announced the acquisition of GeoPhy for $85mm with a $205mm earn-out [Press Release]

Technology, Media & Telecommunications

Innovid (CTV) announced the acquisition of TVSquared in a cash and stock transaction valued at $160mm [Press Release]

Developments in Shareholder Activism

Republic First Bancorp (FRBK) comments on recent 13D filings; retains investment bank to evaluate proposals to maximize shareholder value [Filing]
Bradley Radoff disclosed a 5.5% stake in Newpark Resources (NR) and intends to engage the Board on enhancing shareholder value and improving corporate governance [Filing]
Aerojet Rocketdyne (AJRD) issues statement critical of Steel Partners Holdings in context of terminated merger with Lockheed Martin (LMT) [Filing]
Harbert Fund and 325 Master Fund nominated two independent directors to the Board of Transact Technologies (TACT) [Filing]
Eyenovia (EYEN) reached a settlement agreement with shareholder Stuart Grant [Filing]

The Takeover Rumor Mill

Preferred Apartment Communities (APTS) explores strategic options, including a sale [Bloomberg]
LXP Industrial Trust (LXP) initiated a review of strategic alternatives [Filing]
PFS (PFSW) continues to review strategic alternatives with Raymond James [Filing]
NCR Corporation (NCR) announces strategic review of alternatives to enhance shareholder value [Filing]
Shell Midstream Partners (SHLX) received a proposal from Shell Pipeline Company (SHEL) to acquire the remaining units; Board of Directors is reviewing and negotiating the proposal [Press Release]
New Peloton (PTON) chief dismisses suggestions company will be sold [Financial Times]
Microsoft (MSFT) is said to pursue deal for Mandiant (MNDT) [Bloomberg]

Elsewhere in Special Situations

Toshiba (TYO: 6502) sets March 24 for preliminary vote on break-up plan [Reuters]
ArcelorMittal (MT) joins race to buy Sprng Energy in green steel push [Economic Times India]
Stanley Black & Decker (SWK) weighs sale of Access Technologies unit [Bloomberg]
Global Payments (GPN) announced strategic review of its Netspend prepaid debit card unit [Barron’s]
Reckitt Benckiser (LN: RKT) mulls sale of baby-food business [Reuters]

That’s all for this week - the next edition will arrive the evening of Monday, February 21. As mentioned from the jump, please sign up. Feedback is welcome in the comments, or on Twitter @InvestedComms.

The Special Situation Report

The Special Situation Report #4: 2/13 Roundup