Table of Contents:
Update on Developing M&A
Update on Shareholder Activism
Update on Other Special Situations
Announced M&A
Update on Developing M&A
Strategic Alternatives & Ongoing Situations
Avangrid (AGR) announced receipt of a takeover proposal from its majority owner Iberdrola (Press Release)
E2open (ETWO) announced the initiation of a strategic review (Press Release)
Renalytix (RNLX) received an unsolicited takeover approach from a strategy buyer and launched a formal sale process (Press Release)
Vista Outdoor (VSTO) rejected an unsolicited acquisition offer from MNC Capital for $35 / share (Press Release)
Rumors
Tripadvisor (TRIP) reportedly draws buyout interest from private equity firm Apollo Global (APO) (Bloomberg)
Vimeo (VMEO) reportedly draws interest from European mobile app developer Bending Spoons SpA (Bloomberg)
Update on Other Special Situations
Spin-Offs
3M’s (MMM) board of directors approved the planned spin-off of its Health Care business, which will be known as Solventum, anticipated to be completed on April 1, 2024 (Press Release)
Baxter International (BAX) disclosed discussions with private equity firms to explore a sale of its Kidney Care asset in lieu of the proposed spin-off of that business (Filing)
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The content herein is informational and should not be relied upon as fact. Do your own diligence before making any investment decisions.