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
Banco Bilbao Vizcaya Argentaria (BBVA) confirmed negotiations to merge with Banco de Sabadell and has hired advisers for a potential all-stock merger (Filing)
R1 RCM (RCM) 32% shareholder New Mountain Capital confirmed in a filing its interest in pursuing a takeover jointly with 36% shareholder TowerBrook (Filing)
Terran Orbital (LLAP) shares fell after Lockheed Martin (LMT) withdrew its takeover offer (Filing)
WideOpenWest (WOW) 38% shareholder Crestview Partners submitted a joint, preliminary non-binding proposal with DigitalBridge (DBRG) to acquire the company (Filing)
Rumors
Allete (ALE) reportedly in talks to sell to Global Infrastructure Partners and Canada pension fund CPP Investments (Financial Times)
Atlantica Sustainable Infrastructure (AY) reportedly in talks to sell to Energy Capital Partners (Bloomberg)
Perficient (PRFT) reportedly working with advisers to evaluate a potential sale (Bloomberg)
Update on Shareholder Activism
LL Flooring (LL) founder Tom Sullivan is renominating himself and two others for the company's board (Filing)
Zuora (ZUO) announced it entered a cooperation agreement with activist Scalar Gauge and agreed to add its designated nominee to its board (Filing)
Update on Other Special Situations
S&P Global (SPGI) reportedly evaluating options for its mobility unit, including a potential sale (Reuters)
Synopsys (SNPS) reportedly in advanced discussions to sell its software integrity unit to a private equity consortium led by Clearlake Capital and Francisco Partners (Reuters)
Announced M&A
Target / Acquirer – Approximate Transaction Enterprise Value
Financials
Territorial Bancorp (TBNK) / Hope Bancorp (HOPE) – $80mm (Press Release, Presentation)
Heartland Financial (HTLF) / UMB Financial (UMBF) – $2bn (Press Release, Presentation)
Healthcare
Deciphera Pharmaceuticals (DCPH) / ONO Pharmaceutical – $2.4bn (Press Release)
Technology, Media & Telecommunications
DecisionPoint Systems (DPSI) / Barcoding Holdings – $80mm (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.