M&A Update – May 22

– PDCE to be acquired by CVX for 0.4638x shares, 10.6% premium, $7.6 billion
– VECT to be acquired by IRWD for $17.00 cash per share, 42.9% premium, $1 billion
– GHL to be acquired by MFG for $15.00 cash per share, 121.2% premium, $550 million
– CREX rejected unsolicited $2.85 proposal from Pegasus Capital Advisors
– BLU / GSK filed management information circular, vote June 16, closing Q3 2023 or earlier
– VMW / AVGO extended outside date to Aug 26 2023
– ATVI / MSFT cleared China SAMR
– DHC / OPI filed S-4, closing Q3 2023
– DCP / PSX filed DEFM14a, closing Q2 2023
– TSX closed