M&A Update – Mar 10

– VRN to be acquired by WCP.to for 1.05x shares, 39.1% premium, $8.4 billion
– RDFN to be acquired by RKT for 0.7926x shares, 114.8% premium, $2.36 billion
– CKPT to be acquired by Sun Pharmaceutical Industries for $4.10 cash per share + CVR worth up to $0.70 per share, 66.0% premium, $355 million
– LGTY received an unsolicited proposal at $15.00 cash per share (4.9% premium to Aptean’s friendly deal), board determined proposal would reasonably be expected to lead to a superior proposal, unsolicited proposal subsequently withdrawn
– BECN / QXO confirmed they are in discussions about a merger at $124.35 cash per share
– LOU.to / VTS deal closed
– SASR / AUB filed delisting notice, closing Mar 31
– BECN tender expires
– AZPN tender extended to Mar 11
– FNA HSR expires
– AMPS HSR expires
– LGTY HSR expires
– NVRO HSR expires
– TGI HSR expires