M&A Update – May 29

– RNW received unsolicited bayou proposal from CPPIB and Sumant
Sinha at $6.75 cash per share
– AMWD / MBC deal closed
– CVGW / AVO deal closed
– FONR / CEO / Insiders filed delisting notice, closing June 3
– TWO / CrossCountry Mortgage announced $12.00 per share is “best and final”, vote adjourned to June 11
– GBTG / Long Lake Management filed PREM14a, filed HSR May 22, closing H2 2026
– BLD / QXO filed S-4/a, votes June 29, cleared HSR, cleared Competition Canada, closing Q3 2026
– CPRX / Angelini Pharma filed PREM14a, HSR expires June 22, closing Q3 2026
– GORO / GGA.to filed DEFM14a, votes July 2, closing Q3 2026
– AVNS / American Industrial Partners cleared HSR May 26
– AU.to / AEM.to announced ISS and Glass Lewis recommend vote For
– RUP.to / AEM.to announced ISS recommends vote For
– SES.to / GFL.to received final order, closing H2 2026
– TALK vote

SPAC Update – May 29

– BIDWU $140 million IPO
– QSEA filed DEF14a to extend deadline to Oct 19 2026, vote June 16
– TAVI redemption

M&A Update – May 28

– CZR to be acquired by Fertitta Entertainment for $31.00 cash per share, 49.3% premium, $17.6 billion
– AKZA received unsolicited proposal from Nippon Paint Group and Sherwin-Williams
– GNK to review revised $24.80 proposal from DSX
– VRE / Affinius Capital / Vista Hill Partners deal closed
– FFIC / OCFC filed delisting notice, closing June 1
– AXTA / AKZA filed F-4, filed HSR Jan 21, received second request from FTC Feb 20, filed EC Jan 26, filed UK CMA Mar 13, closing late 2026 to early 2027
– WBS shareholders approved SAN merger
– THR / CECO shareholders approved merger, closing June 1
– STEL shareholders approved PB merger
– SES.to shareholders approved GFL.to merger
– FONR vote
– TWO vote

SPAC Update – May 28

– CGCT stockholders approved Factorial deal, 23.1 million shares (83.5%) redeemed, 4.5 million shares remain, NAV $10.41
– TDAC filed DEF14a to extend deadline to June 24 2027, vote June 17
– BAYA extension vote
– ARCLU split
– AACPU split
– ACGCU split

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