Table of Contents:

1. Update on Developing M&A

2. Update on Shareholder Activism

3. Update on Other Special Situations

4. Announced M&A

Update on Developing M&A

Strategic Alternatives & Ongoing Situations

• Atlas (ATCO) confirmed ‘meaningful progress’ in deal talks with potential buyer (Press Release)

• DXC Technology (DXC) confirmed it has received a takeover approach, although no formal offer has been made (Press Release)

• Myovant Sciences (MYOV) rejected a takeover proposal from Sumitomo Pharma for $22.75 cash per share (Press Release)

• PureTech Health (PRTC) confirmed it received a takeover proposal from Nektar Therapeutics (Filing)

• Sculptor Capital (SCU) founder and shareholder Dan Och says the company has M&A interest (Filing)

Rumors

• Berry Corp. (BRY) reportedly exploring a sale (Reuters)

• Brookdale Senior Living (BKD) reportedly exploring options including a potential sale (Bloomberg)

• Cano Health (CANO) is in exclusive sale talks with CVS Health (CVS) (Bloomberg)

• Compass (COMP) denied a report of takeover interest from a private equity firm (Bloomberg)

Update on Shareholder Activism

• Adobe (ADBE) subject of activist speculation (Seeking Alpha)

• Alkermes (ALKS) shareholder Sarissa Capital says CEO Richard Pops is an impediment to shareholder value; Sarissa may look to increase its stake (Filing)

• SciPlay (SCPL) activist Engine Capital pushes for a sale to parent Light & Wonder (LNW) (Letter)

Update on Other Special Situations

• Con Edison (ED) to sell its renewable energy businesses to RWE for $6.8bn (Press Release)

• Emerson Electric (EMR) in talks to sell assets to Blackstone (BX) (Bloomberg)

• Hallmark Financial Services (HALL) reportedly in talks to sell its specialty book (Seeking Alpha)

• Peloton (PTON) is exploring a sale of its Precor commercial fitness equipment business (WSJ)

• Viasat (VSAT) sold its Link 16 Tactical Data Links business to L3Harris Technologies (LHX) for $2bn (Press Release)

Announced M&A

Target / Acquirer – Transaction Enterprise Value

Consumer / Retail

• Poshmark (POSH) / Naver – $1.2bn (Press Release)

Healthcare

• LogicBio Therapeutics (LOGC) / AstraZeneca (AZN) – $68mm (Press Release)

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