Table of Contents:
Update on Developing M&A
Update on Shareholder Activism
Update on Other Special Situations
Announced M&A
Update on Developing M&A
Strategic Alternatives & Ongoing Situations
Sculptor Capital Management (SCU) received a revised bid from group of hedge fund suitors (Bloomberg)
WestRock Company (WRK) in $20bn merger talks with Smurfit Kappa Group (Press Release)
Rumors
Alteryx (AYX) reportedly working with an investment bank to explore a sale (Reuters)
Update on Shareholder Activism
Groupon (GRPN) shareholder Windward Management sent a letter to management (Letter)
Gyrodyne (GYRO) announced a cooperation agreement with activist Star Equity Fund (Press Release)
Update on Other Special Situations
Spin-Offs
Aramark (ARMK) approved the spin-off of its uniforms and workplace supplies business Vestis (Press Release)
Novartis (NVS) is pushing through with the spin-off of its generics and biosimilars division Sandoz, pending shareholder approval (Press Release)
Other
Altice USA (ATUS) reportedly in talks to sell French data centers to Morgan Stanley (Reuters)
Berry Global (BERY) initiated a strategic review for its health, hygiene and specialties segment (Press Release)
Enbridge (ENB) announced the acquisition of three utilities from Dominion Energy (D) for $14bn (Press Release, Presentation)
Kroger (KR) and Albertsons (ACI) announced a divestiture plan with C&S Wholesale Grocers in connection with proposed merger (Press Release)
Viatris (VTRS) reportedly in discussions to sell its European consumer-health assets to CVC Capital (Bloomberg)
Announced M&A
Target / Acquirer – Transaction Enterprise Value
Healthcare
NextGen Healthcare (NXGN) / Thoma Bravo – $1.6bn (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.