M&A Update – July 25

– INST to be acquired by KKR for $23.60 cash per share, 16.4% premium, $4.8 billion
– BALY to be acquired by Standard General L.P. for $18.25 cash per share, 71.8% premium, $4.6 billion
– FETM to be acquired by COFS for 1.35x shares, 33.9% premium, $180.4 million
– HIBB / JD Sports deal closed
– KRR.to / WGX.au obtained final court order, closing Aug 1
– DCO rejected unsolicited indication of interest at $65.00 cash per share from Albion River
– ALIM / ANIP filed PREM14a, filed HSR June 28, closing late Q3 2024