M&A Update – Dec 18

– STEP.to / ARC Financial announced that 61% of minority shares have voted against transaction, will not increase consideration and will allow deal to fail if minority shareholders do not vote in favour
– ALTM / RIO cleared Competition Canada
– SUM / Quikrete filed Competition Canada Dec 9
– DFS / COF set Feb 18 deal vote
– SILV / CDE set Feb 6 deal vote
– SASR / AUB filed 424b3, votes Feb 5, closing Q3 2025
– SBT vote