M&A Update – Jan 28

– STEL to be acquired by PB for $11.36 cash + 0.3803x shares, 19.5% premium, $2.0 billion
– PCH / RYN shareholders approved merger, closing Jan 30
– NGD / CDE shareholders approved merger, closing H1 2026
– LIRC.to / ALS.to filed management information circular, vote Feb 26
– MTLC.to / WEED.to filed management information circular, vote Feb 17
– DVAX / SNY cleared HSR Jan 27, cleared German FCO Jan 14
– PLYM / Makarora Management LP / Ares Alternative Credit funds deal closed
– CIVI / SM shareholders approved merger, closing Jan 30
– REVG / TEX votes