M&A Update – Feb 24

– THR to be acquired by CECO for $10.00 cash + 0.684x shares, 26.8% premium, $2.2 billion
– AHL / Sompo Holdings deal closed
– MBCN / FMNB filed delisting notice, closing Mar 2
– WBD received revised proposal from PSKY
– GDI.to shareholders approved Birch Hill Equity Partners buyout, closing early Mar
– RAPT / GSK cleared HSR

SPAC Update – Feb 24

– CTAAU $150 million IPO
– Dune Acquisition III (no symbol) filed S-1 for $150 million IPO
– SVIIF stockholders approved Eagle Energy Metals deal, no redemption figures given
– RIBB filed DEF14a to extend amend extension payment, vote Mar 12, NAV $10.49
– CAPN filed DEF14a to extend deadline to Mar 23 2027, vote Mar 18, NAV $10.80
– IBAC filed DEF14a to extend deadline to Sept 28 2026, vote Mar 25, NAV $10.76
– IRAB/U split
– WPAC/U split

M&A Update – Feb 23

– ACLX to be acquired by GILD for $115 cash per share + CVR worth up to $5, 79.4% premium, $7.8 billion
– VRE to be acquired by Affinius Capital / Vista Hill Partners for $19.00 cash per share, 23.2% premium, $3.4 billion
– EHAB to be acquired by Kinderhook Industries for $13.80 cash per share, 24.4% premium, $1.1 billion
– UHG to be acquired by Stanley Martin Homes for $1.18 cash per share, -50.4% discount, $221 million
– TXNM / Blackstone Infrastructure cleared FERC
– BLFY / FULT announced the receipt of all required regulatory approvals, closing Apr 1
– SSTK / GETY cleared HSR
– RNA / NVS adjourned vote to Feb 26
– EXAS shareholders approved ABT merger
– GDI vote
– VTYX HSR expires

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