Table of Contents:

Strategic Alternatives & Ongoing Situations

Arco Platform (ARCE) announced receipt of a non-binding go-private proposal (Press Release)
Horizon Therapeutics (HZNP) confirmed preliminary takeover discussions (Press Release)
INDUS Realty Trust (INDT) disclosed receipt of an unsolicited takeover proposal (Press Release)
Orthofix Medical (OFIX) received an unsolicited cash takeover proposal; reaffirmed support of SeaSpine (SPNE) transaction (Press Release)
Rapid Micro Biosystems (RPID) concluded its previously announced review of strategic alternatives (Press Release)
Titan Medical (TMDI) announced the commencement of a strategic review process (Press Release)

Rumors

Fidelity National Information Services (FIS) viewed as a potential activist target by Bernstein (Seeking Alpha)
Univar (UNVR) activist Engine Capital wants the company to run a full sale process (Letter)

Spin-Offs

Fortune Brands (FBHS) announced the effectiveness of the Form 10 registration statement for MasterBrand spin-off (Press Release)
General Electric (GE) released the details of its healthcare division spin-off (Press Release)

Other

Altice USA (ATUS) to keep its Suddenlink business after strategic review process (Press Release)
Fortune Brands (FBHS) to acquire hardware and residential smart lock brands from Assa Abloy (Press Release)
HSBC (HSBC) announced sale of its Canadian banking business to RBC (RY) (Press Release, Presentation)
Regal Rexnord (RRX) to explore strategic alternatives for its businesses in the Industrial Systems segment (Press Release)
S&P Global (SPGI) announced intent to sell its engineering solutions business (Press Release)
Taboola (TBLA) gained on the announcement of a commercial agreement, ownership stake by Yahoo (Press Release)
TC Energy (TRP) prepares for ~$4bn of asset sales (Reuters)

Target / Acquirer – Transaction Enterprise Value

Healthcare

Apollo Endosurgery (APEN) / Boston Scientific (BSX) – $615mm (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.

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