M&A Update – May 13
– ORLA to be acquired by EQX for $0.0001 cash + 1.0x shares, 2.3% premium, $5.0 billion
– ASRT to be acquired by Zydus Lifesciences Limited for $23.50 cash per share, 75.8% premium, $166.4 million, superior to Garda deal which was terminated
– NSTS to be acquired by for Brookfield Bancshares, Inc. for $14.28 cash per share, 12.9% premium, $73.7 million
– TBI announced unsolicited proposal from HireQuest
– KALV / Chiesi Group launched tender offer, expires June 10
– CCO shareholders approved Mubadala Capital / TWG Global buyout
– TWO rejected UWMC proposal
– RUP.to / AEM.to filed management information circular, vote June 9, closing end of June 2026
– FCR-u.to / Choice Properties REIT / KingSett Capital filed Competition Canada
– LB.to / Fairstone Bank cleared Competition Canada
– KEY.to/r / KEY.to deal closed
– CSGS / NEC Corporation filed delisting notice, closing May 14
– MPX / MCFT filed delisting notice, closing May 15
– MCW / Leonard Green & Partners filed delisting notice, closing May 19
– NATL / BCO cleared HSR, closing by end of Q1 2027
– APLS tender expires


