M&A Update – July 17

– PLM to be acquired by GLEN for $2.11 cash per share, 167.1% premium, $498.5 million
– PRDS to be acquired by MediPacific for $2.02 – $2.19 cash per share plus CVR, 9.2% premium, $125 million
– MLVF / FRBA deal closed
– BKI / ICE entered agreement to divest Black Knight’s Optimal Blue Business to Constellation Software for $700 million
– SGEN received second request from the FTC
– SSYS board determined that unsolicited proposal from DDD may result in superior proposal, will engage in discussions
– TESS / Lee Equity Partners / Twin Point Capital delisting notice, closing July 17
– ARNC / APO updated closing guidance from H2 2023 to Q3 2023
– ATVI / MSFT / FTC failed appeal, parties agree to 10-year Call of Duty deal with Sony