M&A Update – Mar 25

– BLX.to to be acquired by Brookfield / La Caisse for $37.25 cash per share, 31.8% premium, $9.0 billion
– TERN to be acquired by MRK for $53.00 cash per share, 6.0% premium, $5.7 billion
– JHG / Trian bumped bid by 6.1% to $52.00 from $49.00, Victory withdrew its proposal
– GCG/A.to / Desjardins Group deal closed
– MCW / Leonard Green & Partners cleared HSR
– DBRG / SoftBank Group filed DEFM14a, vote Apr 23, closing H2 2026
– LNKB / BHRB votes

SPAC Update – Mar 25

– RACC filed S-1 for $50 million IPO
– IBAC extension vote
– UYSC extension vote
– VCIC redemption

M&A Update – Mar 24

– EL confirmed that it is in discussions regarding a potential business combination with Puig
– ONTF / Cvent filed delisting notice, closing Apr 1
– TWO determined unsolicited proposal from CrossCountry Mortgage is superior, postponed vote to Apr 7

SPAC Update – Mar 24

– CHAC stockholders approved Xanadu deal, 19.4 million shares (88.3%) redeemed, 2.6 million shares remain, closing Mar 27
– GDST stockholders approved deadline extension to Dec 21 2026, 423k shares redeemed, 20k shares remain

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