M&A Update – May 24

– RTL to be acquired by GNL for 0.67x shares, 45.0% premium, $3.7 billion
– APGN to be acquired by PYXS for 0.1725x shares, 60.9% premium, $16 million
– AQUA / XYL deal closed
– ABST / Crosspoint Capital Partners set June 29 vote
– DHC / OPI / Flat Footed LLC (7.4% DHC shareholder) announced it will vote Against merger
– LSI / EXR filed S-4, closing H2 2023
– TESS / Lee Equity Partners / Twin Point Capital filed PREM14a, closing Q3 2023
– AQUA / XYL received all regulatory approvals, closing May 24