M&A Update – Oct 29
– ADT to be acquired by Thrive Holdings for $10.00 cash per share, 35.0% premium, $15.3 billion
– CART to be acquired by DASH for $48.75 cash + 0.0843 shares (subject to proration), 25.8% premium, $17 billion
– WEN received unsolicited proposal from Trian Partners at $7.35 cash per share, 19.7% premium
– MG / H.I.G. Capital announced go-shop expired with no alternative acquisition proposals, closing late 2026 or early 2027
– AGA.to / BNKR.to shareholders approved merger, closing Nov 5
– DSGR / LKCM Headwater Investments filed DEFM14a, vote Nov 27
– OPCH / CD&R / McKesson filed PREM14a, closing H1 2027
– ULBI / ENS launched tender offer, expires Dec 3
– SANG / RILY cleared HSR
– FNWD / FFBC cleared Fed, closing Jan 1
– TCBK / FHB votes
– DV vote
– MKTX vote
– BEP rescheduled vote to Nov 30
– BIPC vote


