The Special Situation Report #105: 3/31 Roundup
The Special Situation Report #105: 3/31 Roundup
Summary of the Week in Special Situations
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
Bragg Gaming Group (BRAG) announced the formation of a special committee and review of strategic alternatives (Press Release)
MariaDB (MRDB) confirmed receipt of an unsolicited non-binding indicative proposal from Progress Software Corp. (Press Release)
Target Hospitality (TH) received an unsolicited buyout offer from TDR Capital (Press Release)
Vista Outdoor (VSTO) confirmed receipt of a revised indication of interest from MNC Capital (Press Release)
Rumors
Shockwave Medical (SWAV) reportedly in sale talks with Johnson & Johnson (JNJ) (WSJ)
Vimeo (VMEO) potential strategic buyer Bending Spoons SpA reportedly ended its pursuit of the company (Bloomberg)
Update on Shareholder Activism
Lee Enterprises (LEE) adopted a limited-duration shareholder rights plan in response to the accumulation of its stock by Quint Digital (Press Release)
Masimo Corp. (MASI) activist investor Politan Capital Management is planning to start another proxy fight for two more board seats at the company (Filing)
Update on Other Special Situations
Labcorp (LH) agreed to acquire select assets of BioReference Health, a lab operator owned by OPKO Health (OPK), for $238mm (Press Release, Presentation)
Announced M&A
Target / Acquirer – Approximate Transaction Enterprise Value
Financials
Touchstone Bankshares (TSBA) / First National Corporation (FXNC) – $47mm (Press Release, Presentation)
Healthcare
Landos Biopharma (LABP) / AbbVie (ABBV) – $138mm (Press Release)
Real Estate & Hospitality
Doma Holdings (DOMA) / Title Resources Group – $160mm (Press Release)
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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.