The Special Situation Report #106: 4/7 Roundup
The Special Situation Report #106: 4/7 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
Rumors
Boeing (BA) and European rival Airbus (AIR.PA) are reportedly working on a deal that would divide the operations of aircraft parts supplier Spirit AeroSystems (SPR) (Reuters)
HubSpot (HUBS) gained on reports that Alphabet (GOOGL) is in talks with advisers about a potential takeover offer (Reuters)
Paramount Global (PARA) is reportedly in exclusive talks to sell itself to Skydance Media (WSJ)
Sapiens International (SPNS) is reportedly working with an investment bank to explore a sale (Reuters)
Update on Shareholder Activism
Disney (DIS) successfully fended off activist investors Trian and Blackwells in their quest to secure board seats at the company (Press Release)
Update on Other Special Situations
Spin-Offs
3M (MMM) completed the spin-off of its healthcare business, Solventum (SOLV) (Press Release)
GE Aerospace (GE) launched as an independent, public company following the completion of the GE Vernova (GEV) spin-off (Press Release)
Other
Hanesbrands (HBI) shares fell on reports that Authentic Brands Group agreed to buy Champion for ~$1bn (WWD)
Announced M&A
Target / Acquirer – Approximate Transaction Enterprise Value
Energy & Natural Resources
ChampionX (CHX) / SLB (SLB) – $7.8bn (Press Release, Presentation)
Financials
Nuvei (NVEI) / Advent International – $6.3bn (Press Release)
Healthcare
Shockwave Medical (SWAV) / Johnson & Johnson (JNJ) – $13bn (Press Release, Presentation)
Technology, Media & Telecommunications
AdTheorent Holding (ADTH) / Cadent – $254mm (Press Release)
Endeavor Group (EDR) / Silver Lake Management – $12bn (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.