The Special Situation Report #94: 1/7 Roundup
The Special Situation Report #94: 1/7 Roundup
Summary of the Week in Special Situations
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
PGT Innovations (PGTI) received an unsolicited proposal from Miter Brands (Press Release)
TDCX (TDCX) received a preliminary non-binding proposal from its founder and chairman (Press Release)
Rumors
Southwestern Energy (SWN) and Chesapeake Energy (CHK) reportedly nearing a merger deal (WSJ)
Update on Shareholder Activism
Bloomin’ Brands (BLMN) announced a cooperation agreement with 10% shareholder Starboard Value (Press Release)
Disney (DIS) activist Blackwells Capital reportedly will nominate three directors to rival Trian Fund’s director slate (Reuters)
Update on Other Special Situations
Spin-Offs
Flex (FLEX) completed the spin-off of all of its remaining interest in Nextracker (NXT) (Press Release)
Select Medical Holdings (SEM) to explore a spin-off of its occupational health services division, Concentra (Press Release)
Announced M&A
Target / Acquirer – Approximate Transaction Enterprise Value
Energy & Natural Resources
Callon Petroleum (CPE) / APA Corp. (APA) – $4.5bn (Press Release, Presentation)
Via Renewables (VIA) / Retailco – $140mm (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.