M&A Update – January 25

– GLOP unsolicited proposal from GLOG at $7.70 cash per unit, 10.3% premium
– VMW / AVGO / UK CMA launched phase 1 merger inquiry, deadline Mar 22 2023
– SJR / RCI announced the Court dismissed the appeal by the Commissioner of Competition
– PAYA / NVEI launched tender offer, expires Feb 21
– AIMC / RRX completed $4.7 billion debt financing
– IAA / RBA / Luxor Capital (3.6% RBA shareholder) opposes deal, preferred shares transfer $145 million of value to Starboard
– CFCX vote