M&A Update – June 16

– SAGE to be acquired by SUPN for $8.50 cash + CVR worth up to $3.50, 26.9% premium, $561 million
– FNBT to be acquired by CBSH for 0.69x shares, 54.7% premium, $585 million
– DADA / JD filed delisting notice, closing June 16
– X / Nippon Steel announced President Trump approved deal, closing promptly
– MEG.to board rejects SCR.to’s hostile takeover offer
– PKI.to / SUN announced ISS and Glass Lewis recommend vote For
– SWTX / MRK cleared HSR, closing H2 2025
– DNB / Clearlake Capital cleared EC
– LUM vote