M&A Update – May 9

– PHX to be acquired by WhiteHawk Income Corporation for $4.35 cash per share, 21.5% premium, $187 million
– RDFN / RKT cleared HSR, closing Q3 2025
– DNB / Clearlake Capital cleared HSR
– HEES / HRI extended tender to May 22
– SSBK / FBK filed S-4, closing Q3 2025
– TSVT / BMY filed delisting notice, closing May 13
– NEUE shareholders approved New Enterprise Associates buyout
– VRN / WCP received final order, closing May 13, filed delisting notice
– DADA set June 10 vote for JD merger