M&A Update – July 23

– PAG received an unsolicited proposal from Penske Corporation and Mitsui at $210 cash per share
– WBD / PSKY cleared EC
– TMHC shareholders approved BRK buyout, filed delisting notice, closing July 27
– AVNS shareholders approved American Industrial Partners buyout, closing July 27
– AFBI / Fidelity BancShares announced merger closing expected Aug 1
– NSC / UNP announced a settlement agreement ith CNR
– ORLA / EQX shareholders approved merger, closing July 31
– SLP / Altaris filed DEFM14a, vote Aug 27, closing H2 2026
– OGN vote

SPAC Update – July 23

– WSTN announced a business combination with First Choice Healthcare Solutions
– PNAQ/U filed S-1 for $200 million IPO
– NorthStrive Acquisition I (no symbol) filed S-1 for $100 million IPO
– BBCQ filed F-4/a for Pasqal deal
– FVN deal vote
– KVAC redemption
– LCCC redemption
– RENEF redemption

M&A Update – July 22

– BLFS to be acquired by RGEN for $11.25 cash + 0.1442x shares, 6.2% premium, $1.5 billion
– FNWD to be acquired by FFBC for 1.35x shares, 32.7% premium, $208 million
– BEP / BEPC announced a corporate simplification
– NSA / PSA deal closed
– ORLA / EQX votes, filed delisting notice, closing July 31
– CRNX / VRTX filed PREM14a, filed HSR July 20, closing Q3 2026
– AVNS vote
– TMHC vote

SPAC Update – July 22

– APXT announced a business combination with TECfusions
– KCAC announced a business combination with Nth Cycle
– FACT / Precision Aerospace & Defense Group deal terminated
– MBAV stockholders approved deadline extension to Aug 2 2027 and name change to Velos Acquisition I, 12.5 million shares redeemed, 16.3 million shares remain, NAV $10.88
– WTG filed S-4/a for KIKA Technology deal
– RFAI filed PRE14a to extend deadline

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