The Special Situation Report #111: 5/19 Roundup
The Special Situation Report #111: 5/19 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
AdTheorent (ADTH) announced the third party acquisition proposal received in its go-shop period has been withdrawn by the buyer (Press Release)
Blackbaud (BLKB) rejected Clearlake Capital Group's $80 per share takeover offer (Letter)
Rumors
Paramount Global (PARA) potential suitors Sony (SONY) and Apollo Global (APO) reportedly moving away from an all-cash buyout offer (NYT)
Update on Shareholder Activism
SmartRent (SMRT) activist investor Land & Buildings is urging the company to consider a sale of itself (Letter)
Announced M&A
Target / Acquirer – Approximate Transaction Enterprise Value
Energy & Natural Resources
Avangrid (AGR) / Iberdrola (IBE.MC) – $25bn (Press Release)
SilverBow Resources (SBOW) / Crescent Energy (CRGY) – $2.1bn (Press Release, Presentation)
Financials
HMN Financial (HMNF) / Alerus Financial (ALRS) – $116mm (Press Release, Presentation)
Technology, Media & Telecommunications
Squarespace (SQSP) / Permira – $7bn (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.