The Special Situation Report #96: 1/21 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
LL Flooring (LL) shares fell after the company's founder withdrew his $3/share takeover offer (Filing)
Rumors
Endeavor Group (EDR) potential suitor Silver Lake will reportedly submit a bid for the company in the coming weeks (Bloomberg)
Qiagen (QGEN) reportedly attracting renewed interest from a potential buyer (Seeking Alpha)
Update on Shareholder Activism
Walt Disney (DIS) activist investor Trian Fund Management filed a preliminary proxy statement (Filing)
Norfolk Southern (NSC) gained amid speculation that the company could be a potential activist investor target (Seeking Alpha)
Announced M&A
Target / Acquirer – Approximate Transaction Enterprise Value
Consumer & Retail
Carrols Restaurant Group (TAST) / Restaurant Brands International (QSR) – $1bn (Press Release, Presentation)
Financials
HomeStreet (HMST) / FirstSun Capital Bancorp (FSUN) – $276mm (Press Release, Presentation)
Healthcare
Taro Pharmaceutical Industries (TARO) / – Sun Pharmaceutical Industries (SUNP IN) – $350mm (Press Release)
Industrials
M.D.C. Holdings (MDC) / Sekisui House 1928 JP – $5bn (Press Release)
Kaman Corp. (KAMN) / Arcline Investment Management – $1.8bn (Press Release)
PGT Innovations (PGTI) / Miter Brands – $3.1bn (Press Release)
Real Estate & Hospitality
Tricon Residential (TCN) / Blackstone (BX) – $6.4bn (Press Release)
Technology, Media & Telecommunications
Ansys (ANSS) / Synopsys (SNPS) – $35bn (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.
