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

• Digital Media Solutions (DMS) concludes strategic review process (Press Release)

• DXC Technology (DXC) sale talks with potential buyer end without a deal (Press Release)

• Fresh Tracks Therapeutics (FRTX) evaluating strategic options (Press Release)

• Guardion Health Sciences (GHSI) to explore strategic alternatives (Press Release)

• Neoleukin Therapeutics (NLTX) to review strategic alternatives (Press Releas)

• Qualtrics (XM) entered exclusive sale talks with Silver Lake (Press Release)

• Stratasys (SSYS) received an unsolicited proposal from Nano Dimension (NNDM) (Press Release); NNDM shareholder Anson Funds released a letter in opposition of deal and NNDM governance (Letter)

Rumors

• Molson Coors (TAP) gained amid takeover speculation (Seeking Alpha)

• Quotient Technology (QUOT) reportedly working with bank to explore sale (Reuters)

• Seagen (SGEN) report that Pfizer (PFE) is the only interested bidder (Seeking Alpha)

Update on Shareholder Activism

• Amarin (AMRN) all seven independent non-Sarissa members resigned from board of directors (Press Release)

• Bath & Body Works (BBWI) announced appointment of new director in détente with Third Point (Press Release)

• Comscore (SCOR) activist 180 Degree Capital Corp issued public letter to stockholders (Letter)

• loanDepot (LDI) Anthony Hsieh reminds board to concentrate on company's long-term success (Press Release)

• Masimo Corporation (MASI) California State Teachers’ Retirement System joins Politan Capital in legal fight (Reuters)

• ON24 (ONTF) activist Kinesic Capital proposes a value creation plan to board of directors (Letter)

• Pitney Bowes (PBI) activist Hestia Capital Management modified slate to include five nominees (Filing)

• Primo Water Corp. (PRMW) activist investor Legion Partners nominated four directors for the company's board (Filing)

• RumbleON (RMBL) William Coulter and Mark Tkach send letter to the board (Letter)

• Sensei Biotherapeutics (SNSE) confirmed the receipt of nominations from Apeiron Investment Group (Press Release)

Update on Other Special Situations

Spin-Offs

• Uber Technologies (UBER) reportedly exploring a spin-off of its Uber Freight logistics arm (Bloomberg)

Other

• BioXcel Therapeutics (BTAI) evaluating strategic options for OnkosXcel subsidiary (Press Release)

• DigitalBridge (DBRG) reportedly weighing the sale of a stake in Vantage Data Centers (Bloomberg)

• ReNew Energy Global (RNW) CPPIB set to become majority stakeholder after deal with Goldman (Mint)

• Vistra Corp. (VST) to acquire Energy Harbor in multi-billion deal (Press Release)

Announced M&A

Target / Acquirer – Transaction Enterprise Value

Healthcare

• Tcr2 Therapeutics (TCRR) / Adaptimmune (ADAP) – $165mm (Press Release, Presentation)

Industrials

• Diversey Holdings (DSEY) / Solenis (Platinum Equity) – $4.6bn (Press Release)

• Kimball International (KBAL) / HNI Corporation (HNI) – $485mm (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.