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

• AgroFresh Solutions (AGFS) announced a proposed transaction with Pain Schwartz (Filing)

• Weber (WEBR) received an unsolicited takeover proposal from BDT Capital (Press Release)

Rumors

• Aerojet Rocketdyne (AJRD) reportedly soliciting offers (Reuters)

Update on Shareholder Activism

• Barnwell Industries (BRN) activist MRMP-Managers announced proxy contest for full board control (Filing)

• ClearBridge MLP and Midstream (CEM) activist Saba Capital Management submitted intent to nominate candidates to the board (Filing)

• Global Net Lease (GNL) activist Blackwells launched a proxy campaign, called for governance overhaul (Filing)

• Monro (MNRO) considering governance reforms after pressure by activist Ides Capital (Reuters)

• The Necessity Retail REIT (RTL) activist Blackwells launched a proxy battle (Filing)

• Turtle Beach (HEAR) appointed Terry Jimenez to the board pursuant to earlier agreement with Donerail (Filing)

• Unilever (UL) activist Peltz said to meet with potential CEO candidates (Reuters)

Update on Other Special Situations

Spin-Offs

• Medtronic (MDT) announced its intent to spin-off its patient monitoring and respiratory interventions businesses (Press Release, Presentation)

Other

• Aegon (AEG) announced deal to combine Dutch operations with a.s.r. (Press Release)

• Comcast (CMCSA) reportedly mulls sale of Sky Deutschland (Bloomberg)

Announced M&A

Target / Acquirer – Transaction Enterprise Value

Financials

• Limestone Bancorp (LMST) / Peoples Bancorp (PEBO) – $208mm (Press Release)

Healthcare

• Myovant Sciences (MYOV) / Sumitomo Biopharma – $1.7bn (Press Release)

Industrials

• Altra Industrial Motion (AIMC) / Regal Rexnord (RRX) – $5bn (Press Release)

Technology, Media & Telecommunications

• UserTesting (USER) / Thoma Bravo & Sunstone Partners – $1.3bn (Press Release)

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