M&A Update – Nov 19

– SEMR to be acquired by ADBE for $12.00 cash per share, 77.5% premium, $1.9 billion
– DRR/u.to / Morgan Properties deal closed
– AVDL / ALKS bumped bid by 13.5% to $21.00 cash + CVR from $18.50 cash + CVR
– DENN / TriArtisan Capital Advisors / Treville Capital Group / Yadav Enterprises filed PREM14a, closing Q1 2026
– SRDX / GTCR filed delisting notice, closing Nov 19
– SPNS vote