M&A Update – May 4

– GBTG to be acquired by Long Lake Management for $9.50 cash per share, 60.2% premium, $6.3 billion
– MDV to be acquired by GNL for 1.975x shares, 17.0% premium, $535 million
– GNK / DSX launched hostile tender offer at $23.50 cash per share, expires June 2
– EBAY / GME unsolicited proposal at $125.00 per share (50% cash and 50% stock)
– LNKB / BHRB deal closed
– STKL / Refresco deal closed
– ERE-u.to / CAR-u.to deal closed
– UHG / Stanley Martin Homes deal closed
– ASRT / Garda Therapeutics increased consideration by 21.1% to $21.80 cash per share, no CVR
– CTLP / 365 Retail Markets, LLC (Providence Equity Partners) / FTC announced consent order to divest Cantaloupe’s Three Square Market business to Seaga Manufacturing
– OLPX / Henkel AG filed DEFM14c, closing as soon as H2 2026
– MASI shareholders approved DHR merger, closing in 2026
– CTRA / DVN votes
– TERN tender expires