The Special Situation Report #107: 4/14 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
Ducommun Inc. (DCO) confirmed receipt of an unsolicited non-binding indication of interest from Albion River LLC, to acquire the company for $60 per share (Press Release)
Rumors
Blackbaud (BLKB) reportedly draws takeover interest from investment firm Clearlake Capital Group (Bloomberg)
BP (BP) reportedly held preliminary takeover discussions with United Arab Emirates state-owned oil company ADNOC (Reuters)
Informatica (INFA) is reportedly in advanced discussions to sell to Salesforce (CRM) (WSJ)
Janux Therapeutics (JANX) is reportedly working with a financial adviser to consider its options after receiving takeover interest (Bloomberg)
Update on Shareholder Activism
Macy's (M) agreed to add two directors from Arkhouse Management and continues to engage with Arkhouse regarding its proposal to acquire the company (Press Release)
Announced M&A
Target / Acquirer – Approximate Transaction Enterprise Value
Healthcare
Alpine Immune Sciences (ALPN) / Vertex Pharmaceuticals (VRTX) – $4.9bn (Press Release, Presentation)
Real Estate & Hospitality
Apartment Income REIT (AIRC) / Blackstone (BX) – $10bn (Press Release)
Technology, Media & Telecommunications
Model N (MODN) / Vista Equity Partners – $1.3bn (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.