@diane_alter So no closing today.
Feels like they aren’t out of the woods with reg approvals.
Stock should fall tomorrow as there was some chance that Aya could’ve closed it today.
Take it from Jeff Bezos: “If you’re going to take bold bets, they’re going to be experiments. And if they’re experiments, you don’t know ahead of time if they’re going to work. But a few big successes compensate for dozens and dozens of things that didn’t work.”…
Videogame Giant Electronic Arts $EA Nears Roughly $50 Billion Deal to Go Private - WSJ @laurenthomas@jtoonkel@miriamgottfried
A group of investors, including private-equity firm Silver Lake, Saudi Arabia’s Public Investment Fund, and Jared Kushner’s investment firm Affinity…
Good Evening Arbs.
How was the start to your week?
What deals are you in?
What deals are you evaluating?
What is the most important part of evaluation for you?
Today's M&A notes
$MTSR to be acquired by $PFE for $47.50 cash per share + CVR worth up to $22.50, 42.6% premium, $4.9 billion
$HOUS to be acquired by $COMP for 1.436x shares, 90.0% premium, $4.4 billion
$PRO to be acquired by Thoma Bravo for $23.25 cash per share, 41.7%…
In antitrust merger enforcement, size matters.
For deals above $10 billion, 47.1% of transactions were issued an HSR second request.
For deals below $500 million, just 1.0% of transactions faced further antitrust scrutiny.
$LNSR buyout by Alcon looks interesting after the recent selloff.
Solid r/r with the stock below pre-announcement levels and the spread to $14/share cash offer at 13% + $2.75/share worth of CVR for free 👇
$RITM $PGRE
Rithm Capital has agreed to acquire Paramount Group for $1.6bn, paying $6.60 cash per share.
The deal represents a 38% premium to PGRE's undisturbed closing price on May 16.
The transaction is expected to close in late Q4 2025.
To get insight about new deals…
MNG submitted a higher offer to DallasNews $DALN for $20 per share in cash, which represents a $1.5 per share increase over its earlier offer of $18.5 per share.
MNG submitted a higher offer to DallasNews $DALN for $20 per share in cash, which represents a $1.5 per share increase over its earlier offer of $18.5 per share.
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