M&A Update – Dec 8

– CFLT to be acquired by IBM for $31.00 cash per share, 49.5% premium, $11.0 billion
– DVS to be acquired by CTGO for 0.1652x shares, -7.4% discount, $353.1 million
– WBD / PSKY launched hostile takeover at $30.00 cash per share, 139.2% premium, $108.4 billion, expires Jan 8
– SPR / BA deal closed
– CDTX / MRK launched tender offer, expires Jan 6
– PLYM / Makarora Management LP / Ares Alternative Credit funds filed PREM14a, closing early 2026
– K / Mars cleared EC, closing Dec 11
– HI / Lone Star Funds cleared EC
– CGC.to shareholders approved MUX.to merger, closing Jan 5
– SCS shareholders approved HNI merger, closing Dec 10
– ODP shareholders approved Atlas Holdings buyout, closing Dec 10
– HSII shareholders approved Advent International / Corvex Private Equity buyout, closing Dec 10
– MRSN / DAWN launched tender offer, expires Jan 5
– FRGE / SCHW filed PREM14a, closing H1 2026
– ZEUS / RYI filed S-4, filed HSR Nov 26, closing early 2026
– GDEN / VICI filed PREM14a, closing mid 2026
– ADVM tender expires
– AVDL HSR expires
– ATXS HSR expires