M&A Update – Apr 29

– KALV to be acquired by Chiesi Group for $27.00 cash per share, 40.3% premium, $1.9 billion
– BNCC to be acquired by OPFI for $19.375 cash per share + 1.90x shares, 5.1% premium, $130 million
– TWO / CrossCountry Mortgage bumped bid by 4.6% to $11.30 from $10.80 after unsolicited competing proposal
– FOLD / BMRN deal closed
– ACLX / GILD deal closed
– SEMR / ADBE deal closed
– TERN / MRK filed delisting notice, closing May 5
– EM / Consortium filed delisting notice, closing Apr 29
– UNF / CTAS filed Competition Canada
– SEM / Consortium cleared HSR, closing mid 2026
– PKST vote