Strategic Alternatives & Ongoing Situations

Fox Corporation’s (FOX) potential merger with News Corporation (NWS) is pulled by Rupert Murdoch (Press Release)
GasLog Partners LP (GLOP) received an unsolicited proposal for $7.70/unit (Press Release)
HighPeak Energy (HPK) initiated a process to evaluate strategic alternatives (Press Release)
Millicom International Cellular (TIGO) confirmed discussions on a potential transaction (Press Release)
National Instruments (NATI) suitor Emerson Electric (EMR) said it wouldn’t nominate directors to the board (Press Release)
Westwater Resources Inc. (WWR) bidder Idaho Strategic Resources (IDR) reiterated its takeover proposal (Press Release)

Rumors

Lucid Group (LCID) gained on a report that Saudi Arabia's Public Investment Fund may pursue a takeover (Seeking Alpha)
Radius Global Infrastructure (RADI) takeover discussions reportedly continue with EQT Infrastructure and PSP Investments (Seeking Alpha)
Sumo Logic (SUMO) reportedly approached by several private equity firms regarding a potential acquisition (The Information)

Avantax (AVTA) (formerly known as Blucora) acknowledged director nomination from activist Engine Capital (Press Release)
Barnwell Industries (BRN) reached cooperation agreement with its largest stockholders (Press Release)
Daktronics (DAKT) Alta Fox sent a letter to Daktronics’ independent committee (Press Release)
MDU Resources (MDU) and Corvex Management entered into a cooperation agreement (Press Release)
Peoples Financial Corporation (PFBX) Stilwell Value intends to nominate candidates to the board (Filing)
Pitney Bowes (PBI) activist Hestia Capital nominated directors to the board (Presentation, Response)
Polished.com (POL) Morgan Dempsey called for a sale of the company (Filing, Response)
Salesforce (CRM) added three new independent directors (Press Release); Elliott Management takes stake and prepares to nominate board slate (WSJ)

News Corp (NWS) in discussions to sell its Move Inc. online real estate unit to CoStar Group (CSGP) (Bloomberg)
Qiagen (QGEN) reportedly weighs sale of minority stake in its bioinformatics business (Bloomberg)
Qualtrics International (XM) 71% owner SAP (SAP) decided to explore a sale of its ownership stake (Press Release)
Walgreens Boots Alliance (WBA) reportedly weighs sale of pharmacy automation unit (Bloomberg)

Target / Acquirer – Transaction Enterprise Value

Industrials

Evoqua Water Technologies (AQUA) / Xylem (XYL) – $7.5bn (Press Release, Presentation)

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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.

The Special Situation Report

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