M&A Update – Oct 22

– AVDL to be acquired by ALKS for $18.50 cash per share + CVR worth up to $1.50, 17.1% premium, $2.1 billion
– MBCN to be acquired by FMNB for 2.6x shares, 26.6% premium, $299 million
– GES / Authentic Brands Group filed DEFM14a, vote Nov 21, closing by Jan 31 2026
– TRML / NVS cleared HSR
– DAY / Thoma Bravo cleared HSR and Competition Canada
– DRR/U.to / Morgan Properties announced court approval
– CVAC / BNTX launched exchange offer, expires Dec 3
– PBPB tender expires