M&A Update – Mar 18

– VCSA / Casago increased consideration by 5.6% to $5.30 from $5.02, removed purchase price adjustments, determined $5.75 Davidson Kempner proposal is not superior
– FNA / ZBH filed DEFM14a, vote Apr 17, closing H1 2025
– BECN / QXO raised $830 million private placement
– PLYA / H announced the pricing of $500 million of senior notes to fund acquisition
– SWI / Turn/River Capital filed PREM14c, closing Q2 2025
– BECN tender expires
– IPG / OMC shareholders approved merger, closing H2 2025