M&A Update – July 24

– CIO to be acquired by MCME Carell Holdings, LP (Elliott / Morning Calm Management) for $7.00 cash per share, 25.9% premium, $1.1 billion
– NSC / UNP are engaged in advanced discussions regarding a potential business combination
– FL / DKS pulled and refiled HSR, closing H2 2025
– MRC / DNOW filed S-4, closing Q4 2025
– INFA HSR expires