The Special Situation Report #142: 12/29 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
C-Suite Sudden Departures
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Update on Developing M&A
Clearwater Paper (CLW): Brazilian paper company Suzano (SUZ) said that it has no formal or informal agreement with Clearwater Paper. (Press Release)
Honda Motor (HMC): Nissan Motor and Honda Motor have signed a memorandum of understanding to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company. (Press Release)
Rumors
Altus Power (AMPS): Buyout firm TPG's (TPG) climate investment arm is in talks to acquire Altus Power. (Reuters)
Destination XL (DXLG): Fund 1 Investments has made a non-binding proposal to acquire all outstanding shares of Destination XL that it does not already own, offering $3.00 per share in cash. (Letter)
Playa Hotels & Resorts (PLYA): Hyatt Hotels (H) announced it is exploring various strategic options for its investment, including an acquisition of Playa Hotels. (13D Filing)
Update on Shareholder Activism
No new updates in this holiday shortened week. Let us know if we missed one.
Update on Other Special Situations
No new updates in this holiday shortened week. Let us know if we missed one.
Announced M&A
Target / Acquirer – Approximate Transaction Enterprise Value, Expected Closing
Consumer Discretionary
Despegar.com (DESP) / Prosus - $1.7 bn, Q2 2025 (Press Release)
Nordstrom (JWN) / Nordstrom family and El Puerto de Liverpool - $6.25 bn, H1 2025 (Press Release, Merger Agreement)
Healthcare
NeueHealth (NEUE) / New Enterprise Associates - $1.3 bn, Q3 2025 (Press Release, Merger Agreement)
Singular Genomics Systems (OMIC) / Deerfield Management Company - $48.06 mn, H1 2025 (Press Release)
Sudden Departures
“Sudden Departures” highlight executive exits announced with short notice, where the executive is expected to leave within 30 days of announcement.
American Shared Hospital Services (AMS): Chief Financial Officer Robert Hiatt resigns effective December 19, 2024. (Filing)
Cantor Equity Partners (CEP): Chief Executive Officer Howard W. Lutnick resigns effective December 26, 2024.(Filing)
Dream Finders Homes (DFH): Chief Operating Officer Doug Moran resigns effective December 23, 2024. (Filing)
Firefly Neuroscience (AIFF): Chief Medical Officer Samer Kaba resigns effective December 20, 2024. (Filing)
Lixte Biotechnology (LIXT): Chief Operating Officer Eric Forman resigns effective December 31, 2024. (Filing)
Nano Dimension (NNDM): Terminates Chief Executive Officer Yoav Stern effective December 26, 2024. (Press Release)
OptimizeRx (ORPX): Chief Executive Officer William J. Febbo resigns effective December 31, 2024. (Filing)
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The content herein is informational and should not be relied upon as fact. We do not warrant the completeness or accuracy of the content or data provided in this article. Do your own diligence before making any investment decisions.