M&A Update – January 8

– AXNX to be acquired by BSX for $71.00 cash per share, 23.3% premium, $3.4 billion
– AMAM to be acquired by JNJ for $28.00 cash per share, 105.4% premium, $1.9 billion
– HARP to be acquired by MRK for $23.00 cash per share, 118.0% premium, $680 million
– CHS / Sycamore Partners deal closed
– SLGC / LAB deal closed
– SRT / Capital Square Partners deal closed
– PXD / XOM filed DEFM14a, vote Feb 7, closing H1 2024
– SPLK / CSCO cleared Competition Canada
– PGTI Board of Directors unanimously determined that Miter’s $41.50 per share proposal is not superior to DOOR’s, it would reasonably be expected to lead to a superior proposal if Miter is able to improve several aspects of its proposed transaction, Miter previously accumulated a ~10% position in PGTI, during strategic alternatives process Miter delivered a proposal of $38.25 per share they characterized as its “best and final offer”
– CERE / ABBV filed PREM14a, filed HSR Dec 15, closing mid 2024
– HOLI / Ascendent Capital Partners filed proxy statement, vote Feb 8, filed China ODI Jan 2, filed China NSR Jan 5, closing Q1 2024
– BVH / HGV announced $900 million senior note offering to fund merger
– EAR / Patient Square Capital filed PRER14a
– NWLI vote