The Special Situation Report

Share this post

The Special Situation Report #74: 8/6 Roundup

www.thespecialsituationreport.com

Discover more from The Special Situation Report

A weekly report on special situations in US public equities.
Over 3,000 subscribers
Continue reading
Sign in

The Special Situation Report #74: 8/6 Roundup

Summary of the Week in Special Situations

David Paolella
Aug 6, 2023
17
Share this post

The Special Situation Report #74: 8/6 Roundup

www.thespecialsituationreport.com
Share

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

  • United States Cellular (USM) and its parent Telephone and Data Systems (TDS) to explore strategic alternatives for US Cellular (Press Release)

Rumors

  • Avid Technology (AVID) gained amid a report that private equity firms are interested in the software firm (Reuters)

  • HomeStreet (HMST) reportedly considering its options including a potential sale (Bloomberg); HomeStreet shareholder Blue Lion Capital said the bank should immediately proceed with the sale of its FNMA DUS license (Letter)


Update on Shareholder Activism

  • American Eagle Outfitters (AEO) gained amid speculation of potential activist involvement after a 13F filing (Seeking Alpha)

  • Diversified Healthcare Trust (DHC) shareholder Flat Footed LLC released a presentation highlighting the case against the proposed Office Properties Income Trust (OPI) merger (Presentation)


Update on Other Special Situations

Spin-Offs

  • SharkNinja (SN) completed its spin-off from JS Global Lifestyle Company (SEHK:1691) (Press Release, Prospectus)

Other

  • Hasbro (HAS) to sell its eOne film and TV business to Lionsgate for $500mm (Press Release)

  • Mativ (MATV) announced the sale of its Engineered Papers business for $620mm (Press Release)

  • Paramount Global (PARA) reportedly in advanced talks with KKR (KKR) to sell Simon & Schuster for $1.6bn (WSJ)


Announced M&A

Target / Acquirer – Transaction Enterprise Value

Financials

  • First Sound Bank (FSWA) / Harborstone Credit Union (Press Release)

Healthcare

  • EQRx (EQRX) / Revolution Medicines (RVMD) – $1bn (Press Release)

Technology, Media & Telecommunications

  • New Relic (NEWR) / Francisco Partners & TPG – $6bn (Press Release)


If you enjoyed reading this Report, please do me the huge favor of simply pressing the “Like” button.

The content herein is informational and should not be relied upon as fact. Do your own diligence before making any investment decisions.

17
Share this post

The Special Situation Report #74: 8/6 Roundup

www.thespecialsituationreport.com
Share
Comments
Top
New
Community

No posts

Ready for more?

© 2023 The Special Situation Report
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing