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 (DCO) received a revised indication of interest from Albion River to acquire the company for $65.00 / share (Press Release)
Rumors
Cipher Mining (CIFR) reportedly working with advisers to gauge buyer interest after receiving takeover inquiries (Bloomberg)
GitLab (GTLB) working with advisers on a sale process after attracting acquisition interest according to reports (Reuters)
Instructure (INST) reportedly draws takeover interest from private equity firm KKR (KKR) and others (Bloomberg)
R1 RCM (RCM) reportedly drawing interest from private equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice (Bloomberg)
Smartsheet (SMAR) reportedly working with advisers after seeing acquisition interest from buyout firms (Reuters)
Surgery Partners (SGRY) reportedly exploring options including a potential sale (Bloomberg)
ZimVie (ZIMV) gained on a report that South Korean dental implant maker Osstem is in advanced talks to acquire the company (Bloomberg)
Update on Shareholder Activism
Match Group (MTCH) activist Starboard Value has built a 6.6% stake and is urging the company to explore a sale if it is unable to turn around its business (Letter)
Starbucks (SBUX) has reportedly attracted the interest of activist investor Elliott Investment Management (WSJ)
Update on Other Special Situations
Jacobs (J) filed a Form 10 registration statement regarding its plan to spin off and combine its critical mission solutions and cyber and intelligence businesses with Amentum to form a new publicly traded company (Press Release)
Warner Bros Discovery (WBD) shares gained on a report that the media conglomerate is considering a strategic spinoff to boost shareholder value (Financial Times)
Announced M&A
Target / Acquirer – Approximate Transaction Enterprise Value
Consumer & Retail
Chuy's Holdings (CHUY) / Darden Restaurants (DRI) – $605mm (Press Release, Presentation)
Healthcare
Augmedix (AUGX) / Commure – $122mm (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.