M&A Update – Apr 27

– ARX.to to be acquired by SHEL.LN for $8.20 cash per share + 0.40247x shares, 26.6% premium, $22.0 billion
– OGN to be acquired by Sun Pharmaceutical for $14.00 cash per share, 138.9% premium, $11.75 billion
– RMAX to be acquired by REAX for $13.80 cash or 5.15x shares (subject to proration), 72.7% premium, $880 million
– XOMA to be acquired by LGND for $39.00 cash per share + CVR, 2.9% premium, $739 million
– ECN.to / Warburg Pincus deal closed
– PKST / BAM filed delisting notice, closing May 6
– ACLX / GILD filed delisting notice, closing Apr 28
– FOLD / BMRN filed delisting notice, closing Apr 27
– DBRG / SoftBank Group cleared EC
– SKYT / IONQ received second request from FTC, closing Q2 or Q3 2026
– UNF / CTAS filed S-4, filed HSR Apr 8, closing H2 2026
– SES.to / GFL.to filed management information circular, vote May 27
– FCR-U.to / CHP-U.to set June 23 vote
– ERE-U vote
– ACLX tender expires
– TALK HSR expires
– SLNO HSR expires