M&A Update – May 28

– CZR to be acquired by Fertitta Entertainment for $31.00 cash per share, 49.3% premium, $17.6 billion
– AKZA received unsolicited proposal from Nippon Paint Group and Sherwin-Williams
– GNK to review revised $24.80 proposal from DSX
– VRE / Affinius Capital / Vista Hill Partners deal closed
– FFIC / OCFC filed delisting notice, closing June 1
– AXTA / AKZA filed F-4, filed HSR Jan 21, received second request from FTC Feb 20, filed EC Jan 26, filed UK CMA Mar 13, closing late 2026 to early 2027
– WBS shareholders approved SAN merger
– THR / CECO shareholders approved merger, closing June 1
– STEL shareholders approved PB merger
– SES.to shareholders approved GFL.to merger
– FONR vote
– TWO vote

SPAC Update – May 28

– CGCT stockholders approved Factorial deal, 23.1 million shares (83.5%) redeemed, 4.5 million shares remain, NAV $10.41
– TDAC filed DEF14a to extend deadline to June 24 2027, vote June 17
– BAYA extension vote
– ARCLU split
– AACPU split
– ACGCU split

M&A Update – May 27

– BNT / BN announced a transaction to further simplify their corporate structure under one publicly traded company
– CVGW / AVO filed delisting notice, closing May 28
– AMWD / MBC filed delisting notice, closing May 28
– AES / GIP / EQT / CalPERS / QIA filed FERC
– NATL / BCO filed Competition Canada
– ORLA / EQX filed Competition Canada
– GH.to / Pure Casino Entertainment Limited Partnership cleared Competition Canada
– STEL vote
– THR / CECO votes
– SES vote

SPAC Update – May 27

– NHIC announced a business combination with Newcleo
– TDAC announced a business combination with ProLogium
– DGACU $150 million IPO
– PGAC filed DEF14a to extend deadline to June 6 2027, vote June 3, NAV $10.57
– LOKV filed 424b3 for Teamshares deal, vote June 16, NAV $10.48
– MLAC filed DEF14a to extend deadline to Sept 16 2026, vote June 12, NAV $10.64
– BBCQ filed F-4 for Pasqal deal
– CSCM filed S-1 for $75 million IPO
– CGCT deal vote

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