M&A Update – February 16

– HRT to be acquired by General Atlantic / Stone Point Capital for $14.35 cash per share, 42.8% premium, $1.65 billion
– KNTE to be acquired by XOMA Corporation for $2.3352 cash + an additional cash amount of up to $0.2527 per share + CVR, 2.9 premium, negative $54.2 million enterprise value
– EAR / Patient Square Capital deal closed
– AIM.to / Mithaq Canada’s hostile takeover offer expired, minimum tender condition was not satisfied
– CPE / APA filed DEFM14a, votes Mar 27, closing Q2 2024
– BATL / Fury Resources amended merger agreement after acquiror failed to failed to fund escrow account
– DSKE / TFII filed DEFM14a, vote Mar 26, cleared HSR Feb 8, closing Q2 2024
– ICVX tender expires
– HA vote
– CERE vote