Merger Arbitrage Mondays

Merger Arbitrage Mondays – Bristol Myers Acquires Third Point Therapeutics

Merger Arbitrage Mondays – Bristol Myers Acquires Third Point Therapeutics

Another week and another deal with big pharma buying out a development stage oncology company. Given the real synergies to be had through young companies partnering with big pharma to leverage their manufacturing expertise and distribution networks, regulators have allowed most of them to go through and they tend to close quickly. This explains why the spread on this Bristol Myers Squibb deal for Turning Point Therapeutics has a small ...

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Merger Arbitrage Mondays – Broadcom To Acquire VMware For $69 Billion

Merger Arbitrage Mondays – Broadcom To Acquire VMware For $69 Billion

Merger activity increased significantly last week with seven new deals announced and six deals completed. Three of the seven new deals announced were potential deals in the works. One of the largest tech deals in M&A history was announced last week. Chipmaker Broadcom entered into an agreement to acquire VMware for $69 billion in a cash or stock deal, which includes $8 billion of VMware’s net debt, that will be assumed ...

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Merger Arbitrage Mondays – U.S. Defense Contractor ManTech International To Be Acquired By Carlyle

Merger Arbitrage Mondays – U.S. Defense Contractor ManTech International To Be Acquired By Carlyle

Merger activity decreased last week with two new deals announced and three deals completed. ManTech International Corporation (MANT) Co-founded in 1968 by Franc Wertheimer and George J. Pedersen, ManTech International Corporation is an American defense contracting firm based in Herndon, Virginia. We added ManTech as a potential deal on February 3, 2022, when Reuters reported that George Pedersen was exploring options for his controlling stake in the company. ManTech’s price after this ...

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Merger Arbitrage Mondays – Chicken Soup For The Soul Acquires Redbox At a Massive Discount

Merger Arbitrage Mondays – Chicken Soup For The Soul Acquires Redbox At a Massive Discount

Most M&A observers had expected U.S. deal activity to moderate or drop sharply this year but it feels like things are heating up with large acquisitions like Microsoft’s acquisition of Activision Blizzard (ATVI) or Elon Musk’s acquisition of Twitter (TWTR). More than half of the 45 deals announced since the start of the year have been bigger than a billion dollars in size and 13 deals were larger than $10 ...

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Merger Arbitrage Mondays – Black Knight To Be Acquired By Intercontinental Exchange

Merger Arbitrage Mondays – Black Knight To Be Acquired By Intercontinental Exchange

Merger activity decreased last week with three new deals announced and four deals completed. Two of the three deals announced were potential deals in the works. We saw yet another SPAC business combination fall apart. Black Knight (BKI) Founded in 2013 and headquartered in Jacksonville, Florida, Black Knight provides innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing to the mortgage industry. Solutions offered by the company include ...

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Merger Arbitrage Mondays – The Twitter – Musk Saga Unfolds

Merger Arbitrage Mondays – The Twitter – Musk Saga Unfolds

Merger activity remained steady last week with four new deals announced and two deals completed. Two of the four deals announced were potential deals in the works. The month of April ended with 16 new deals announced for an aggregate deal value of $92.92 billion. Elon Musk’s acquisition of Twitter (TWTR) announced last Monday was the largest deal announced last week and the most talked about deal this year. Twitter ...

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Merger Arbitrage Mondays – Blackstone Acquires American Campus Communities

Merger Arbitrage Mondays – Blackstone Acquires American Campus Communities

Merger activity decreased last week with four new deals announced and one deal completed. One of the four deals announced was a potential deal in the works. American Campus Communities (ACC) The largest deal announced last week was the acquisition of American Campus Communities (ACC) by Blackstone (BX) for nearly $13 billion. Headquartered in Bee Cave, Texas, American Campus Communities is the largest developer, owner and manager of student housing communities in the United ...

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Merger Arbitrage Mondays – Thoma Bravo Adds SailPoint Technologies To Its Portfolio And Approaches Twitter

Merger Arbitrage Mondays – Thoma Bravo Adds SailPoint Technologies To Its Portfolio And Approaches Twitter

Merger activity increased last week with five new deals announced and one of the five new deals announced was a potential deal in the works. SailPoint Technologies (SAIL) Thoma Bravo continued its binge of software acquisitions last week by entering into an agreement to acquire SailPoint Technologies. This is Thoma Bravo’s second acquisition this year. On March 30, 2022, Thoma Bravo announced the acquisition of Anaplan (PLAN) for $10.7 billion. ...

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Merger Arbitrage Mondays – WindAcre Doubles Its Stake In Nielsen Holdings (NLSN)

Merger Arbitrage Mondays – WindAcre Doubles Its Stake In Nielsen Holdings (NLSN)

Merger activity decreased last week with three new deals announced and six deals completed. Tivity Health (TVTY) Originally known as American Healthways, Tivity Health was founded in 1981. The company provides fitness, health improvement and social engagement solutions through programs that include SilverSneakers, a health and fitness program that provides gym access and fitness classes for members of Medicare Advantage, Medicare Supplement, and group retiree plans. Prime Fitness, a nationwide network of ...

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Merger Arbitrage Mondays – Nielsen Holdings To Be Taken Private

Merger Arbitrage Mondays – Nielsen Holdings To Be Taken Private

Merger activity increased significantly last week with six new deals announced and eight deals completed. There were 17 deals announced in the month of March, with a total value of $64.55 billion. Nielsen Holdings (NLSN) Nielsen Holdings was founded in Netherlands in 1923 by Arthur C. Nielsen Sr., who has been credited for coining the business term “market share”. Originally called the AC Nielsen Company, it was the first company to ...

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