Podcast: Adam Back and Sean Bill on Bitcoin Standard Treasury’s $4bn Deal with CEPO
Bitcoin Standard Treasury (BST) announced a $4 billion combination with Cantor Equity Partners I (NASDAQ: CEPO), a SPAC that closed last July. The deal merges BST’s extensive Bitcoin holdings and a novel Bitcoin PIPE with Cantor’s public‑market platform, creating one of the largest crypto‑treasury vehicles. BST’s leadership, Adam Back and CIO Sean Bill, say the partnership will enable multiple yield‑generation lanes and set a new standard for Bitcoin‑based financing. The move follows a wave of crypto treasury SPAC listings, positioning BST to potentially consolidate the niche.
InsideArbitrage Special Situations Newsletter: April 2026
InsideArbitrage’s April 2026 Special Situations newsletter updates its Deal‑in‑the‑Works (DITW) pipeline, now cataloguing 1,109 potential transactions dating back to 2017. The report highlights a renewed “relief rally” as the CNN Fear & Greed Index plunged into single‑digit territory on March 30,...
Crypto Stocks Are Getting Smashed. Here’s Why That’s a Gift.
CoinShares, a Jersey‑based crypto asset manager that has been profitable every year since 2014, debuted on the NASDAQ through a SPAC merger with Vine Hill Capital. The listing adds a successful, fee‑based crypto business to the pool of publicly traded...
InsideArbitrage Event Driven Monitor – April 1, 2026
Eli Lilly announced a $6.3 billion cash‑plus‑contingent‑value‑right acquisition of Centessa Pharmaceuticals, paying a 37.8% premium, while Biogen launched a $5.6 billion tender offer for Apellis at a 140% premium. Fidelity BancShares agreed to buy Affinity Bancshares for $142.8 million, offering a 17.3% premium, and...
Kairos Risk Solutions Acquires Molto Re, Names Josh Madson as MD, North America
Singapore‑based Kairos Risk Solutions announced the acquisition of Molto Re, a boutique reinsurance adviser, to strengthen its North American presence. The deal brings Molto Re’s client relationships and specialized expertise into Kairos’ portfolio, complementing its AI‑driven risk solutions. Concurrently, Josh...
Uniti Group (UNIT) Climbs 15.8% as 2 Firms Eye Business Assets
Uniti Group Inc. (NASDAQ:UNIT) surged 15.8% to close at $9.38 after reports that T‑Mobile and private‑equity firm TPG are evaluating its fiber assets. T‑Mobile is reportedly focused on the kinetic fiber‑to‑the‑home segment, while TPG is eyeing the enterprise side. The...
Apellis Pharmaceuticals (APLS) Hits 2-Year High on 140% Upside From Biogen Merger
Apellis Pharmaceuticals surged to a two‑year high after announcing a definitive agreement for Biogen to acquire the company at $41 per share, representing a 140% premium to the pre‑deal price. The transaction values Apellis at roughly $5.6 billion and includes an...
GEODIS Completes Acquisition of Transports Malherbe
GEODIS has completed its acquisition of French carrier Transports Malherbe after securing regulatory clearance, expanding its footprint in France’s road transport market. The combined entity now generates nearly €2 billion (about $2.15 billion) in FTL and LTL revenue, placing GEODIS among the...
Roger Goodell Addresses NFL Network Employees Ahead of ESPN Takeover
Roger Goodell sent a note to NFL Network staff as ESPN finalizes its acquisition of the network and RedZone rights, a deal approved by regulators weeks after announcement. The rapid approval allows ESPN to integrate NFL Media assets before the...
Top 3 SPAC Targets – Battery Makers
The SPAC market is re‑energizing, and battery manufacturers are emerging as prime targets. Amprius Technologies saw its share price climb to $14.72 after a CEO change, while South Korea’s SK On secured a 7.2 GWh BESS contract and a 100 GWh supply deal...
Atos Completes Sale of Bull Advanced Computing Unit to French State
Atos Group completed the sale of its Bull Advanced Computing unit to the French State for an enterprise value up to €404 million (approximately $435 million), after adjusting earn‑outs to €104 million. Bull’s High‑Performance Computing, Quantum, Business Computing and AI divisions generated roughly...
Constellation Brands To Acquire HOPWTR. But Why?
Constellation Brands announced the complete acquisition of HOPWTR, the calorie‑free, hop‑infused sparkling water it first invested in through its venture arm in 2021. The deal adds HOPWTR to Constellation’s expanding non‑alcoholic lineup, which already includes Corona Non‑Alcoholic and Modelo Chelada...
World’s Oldest Watch Store Acquired by Patek Philippe
Beyer Chronometrie, the world’s oldest watch shop with a 266‑year legacy, has been sold to Patek Philippe and will close at the end of 2026. The historic Zurich Bahnhofstrasse location will be transformed into an enlarged, brand‑exclusive Patek Philippe boutique....
CapVest Completes Majority Acquisition of Stada
CapVest Partners LLP has completed the acquisition of a majority stake in Germany’s STADA Arzneimittel AG, a leading consumer‑health, generics and specialty pharma group. The deal follows STADA’s record 2025 performance, with revenue of €4.3 billion (approximately $4.73 billion) and adjusted EBITDA of €961 million...
Fidelity BancShares Acquires Affinity Bancshares for $142.8 Million in a Cash Deal
Fidelity BancShares announced a cash acquisition of Georgia‑based Affinity Bancshares for $142.8 million, paying $23 per share—a 17.35% premium to the prior close. Affinity contributes roughly $882 million in assets and a portfolio focused on commercial real‑estate, construction, and small‑business lending. The...
Hapag-Lloyd × ZIM: Not Just a Deal — A Strategic Decision
Hapag-Lloyd announced a $4.2 billion agreement to acquire Israeli carrier ZIM, but the transaction remains unfinalized. The deal is split into two stages, with a smaller local structure designed to shore up ZIM’s balance sheet. Approval hinges on security agencies and...
Why Crosschq’s Acquisition of Traitify Signals the End of “Guesswork” Hiring
Crosschq announced the acquisition of Traitify, merging its hiring outcome analytics with Traitify’s psychometric assessments to create a unified hiring platform. The combined data pool includes over 200 million real‑world hiring outcomes and more than 50 million completed assessments. The move targets...
As Streaming Consolidates, Content No Longer Differentiates
Streaming platforms are consolidating in 2026, with Paramount Skydance set to acquire Warner Bros. Discovery and merge HBO Max into Paramount+, while Disney folds Hulu into the Disney+ app. Despite billions poured into original programming, viewers remain unable to articulate...
Rwandan Banks Deliver Debt Financing for Paradigm Tower Takeover
Rwandan banks have closed a landmark debt financing deal, dubbed Project Zorro, to fund the acquisition of IHS Rwanda, now Ishara Towers Rwanda, by Paradigm Tower. The consortium, led by Bank of Kigali and joined by Development Bank of Rwanda,...
ITA Airways Volare Now Gone – Becomes Part Of Miles&More & Star Alliance From April 1, 2026
ITA Airways has terminated its Volare frequent‑flyer program as of March 30, 2026, giving members a short window to redeem remaining points. Starting April 1, 2026 the carrier will become a full member of Lufthansa Group’s Miles&More program and join the Star Alliance network....
M&A Trends: PE Take Privates on the Rise
EY Parthenon’s February 2026 report shows private‑equity‑backed take‑private deals rising 9% month‑over‑month, while overall M&A deal value jumped 139% as transaction volume fell 15%. Large‑scale deals are driving the surge: transactions of $100 million + grew 224% in value and $1 billion + deals surged...
Sullivan & Cromwell Discusses FDIC Rescission of Policy Statement Limiting Participation of Private Investors in Failed-Bank Acquisitions
On March 19, the FDIC rescinded its 2009 Statement of Policy that limited private‑equity participation in failed‑bank acquisitions, aiming to broaden the pool of bidders and reduce resolution costs. The move follows a pilot program that pre‑qualifies nonbanks for asset...
Odds Against Tomorrow
Tomorrow Ltd., a private‑equity‑backed fashion brand accelerator, was sold to e‑commerce holding Progetto 11 in March 2026. Progetto also owns The Level Group, a Milan‑based end‑to‑end solutions platform that offers identical business‑operations services for emerging designers. The Level Group will now...
Cris Collinsworth Retains PFF Media Arm in $100M+ Teamworks Acquisition
Teamworks has completed the acquisition of Pro Football Focus’s business‑to‑business data platform in a deal valued at more than $100 million. The B2B analytics unit will operate under Teamworks’ brand while the consumer‑facing media arm stays with former owner Cris Collinsworth. Collinsworth...
Meiji Seika Pharma Invests in Centivax to Develop Next Generation Universal Vaccine Platform
Meiji Seika Pharma announced a strategic investment in U.S. biotech Centivax to accelerate its universal influenza vaccine, Centi‑Flu 01, currently in Phase 1 trials. The partnership leverages Meiji’s pharmaceutical expertise and Centivax’s computational immune‑engineering platform to target conserved viral regions, aiming for...
Amethis Buys Majority Stake in Côte D’Ivoire’s Ademat
Amethis has acquired a majority stake in Côte d’Ivoire‑based power security provider Ademat, buying out SPE Capital’s controlling position. Founded in 1983, Ademat now offers the full value chain from generation to maintenance, including gas‑powered generators and solar panels. Under...
Danger-Time at Nexstar/TEGNA, Paramount-Skydance-WBD, and Live Nation
The Nexstar‑Tegna merger, Live Nation’s DOJ settlement, and the Paramount‑Skydance‑Warner Bros. Discovery deal are all legally active but face ongoing state and congressional challenges. Executives are forced to integrate assets and allocate capital while the ultimate regulatory outcome remains uncertain....
Activism: Portfolio Optimization as a Driver of M&A Activism
Alvarez & Marsal’s March 2026 US Activist Alert identifies three forces fueling M&A‑related activism: higher foreign direct investment, a push for portfolio optimization, and tighter margin discipline. The report cites Elliott Management’s recent campaigns at Honeywell and PepsiCo as proof that activists...
Why Rezolve AI (RZLV) Is Betting Big on Reward Loyalty to Scale Commerce Media and Payments
Rezolve AI PLC announced a $230 million all‑cash acquisition of Reward Loyalty UK, a move funded from existing resources and described as non‑dilutive. The deal is expected to contribute roughly $90 million of EBITDA‑accretive revenue and give Rezolve a proven loyalty and...
Nanocap Osaka Yuka Industry (4124): A Strategic Buyer Offered ¥3,201. An Activist Paid More to Stop the Deal. The Stock...
Osaka Yuka Industry (TYO:4124), a ¥2.3 billion ($14.4 million) nanocap specializing in precision distillation, attracted a hostile takeover bid from Daiseki at ¥3,201 per share (about $21) – a 111% premium. Activist investor Mitsutoki Shigeta amassed a 33% stake by buying above...
Alaska Buying JetBlue? Not So Fast
Alaska Air is eyeing JetBlue as a potential acquisition, attracted by the combined route map and East Coast foothold. The deal would give Alaska access to Boston, JFK slots, the Mint premium brand, and a fleet of A321LRs suited for...
Beretta and Sturm Ruger’s Shotgun Wedding and 3D Printing
Beretta Holding announced a near‑9% equity stake in Sturm, Ruger & Co., sparking a board‑approved poison‑pill defense to deter hostile moves. While Beretta says it does not seek control, it plans to discuss operational and strategic collaborations with Ruger’s management....
Mitsubishi, Rohm, Toshiba To Merge Power Semi Businesses
Mitsubishi Electric, Rohm and Toshiba Electronic Devices & Storage have signed a memorandum of understanding with Japan Industrial Partners and TBJ Holdings to explore merging their power‑semiconductor businesses. The proposed joint venture would combine silicon, gallium‑nitride (GaN) and silicon‑carbide (SiC)...
Heckler & Koch Expands UK Manufacturing Footprint
Heckler & Koch UK has purchased Globe Engineering, a Braintree‑based precision CNC machining firm, to bring weapon‑system component production in‑house. The deal, finalized on 23 March, expands H&K's role from upgrades and sustainment to full‑scale manufacturing in the UK. Globe Engineering...
Volaris–Viva: Building Mexico’s “Super?ULCC”
On March 25, 2026 Volaris approved a merger with Viva Aerobus, creating a combined entity that will control roughly 71% of Mexico's domestic low‑cost market. The deal is financed by a $248.3 million capital increase that will dilute existing shareholders by...
Tesla and SpaceX to Merge in 2027, Wall Street Analyst Predicts
Wall Street analyst Dan Ives predicts that Tesla and SpaceX will merge in 2027, citing growing operational overlap and shared AI ambitions. The forecast follows Tesla’s $2 billion investment in xAI being converted into a sub‑1% equity stake in SpaceX and...
Xanadu Becomes 1st Pure-Play Photonic Quantum Computing Company to Go Public
Xanadu Quantum Technologies went public on Nasdaq and the Toronto Stock Exchange, raising $302 million in gross IPO proceeds. The listing also unlocks up to $288 million in Canadian federal and provincial funding and an additional $17 million from the Canadian Quantum Champions...
SUSE Acquires Losant; KORE Acquired in $726 Million Deal
SUSE announced the acquisition of Losant, a leading Industrial IoT platform, to evolve from an edge‑infrastructure provider into a full‑stack IIoT leader. The deal expands SUSE's Edge portfolio with Losant's visual workflow engine, device orchestration and real‑time analytics, promising faster...
CrossCountry Mortgage to Acquire Two Harbors for $8.45 Billion
CrossCountry Mortgage announced an $8.45 billion acquisition of Two Harbors Investment Corp., a leading mortgage REIT. Two Harbors common shareholders will receive $10.8 in cash per share, a 5.26% discount to the prior close, while Series A‑C preferred holders will be...
InsideArbitrage Event Driven Monitor – March 27, 2026
The InsideArbitrage Event Driven Monitor highlights a series of high‑profile M&A moves, including the $22 billion merger‑of‑equals between Equitable Holdings and Corebridge Financial, and Henkel's $1.4 billion cash acquisition of Olaplex at a 55% premium. Servier has opened a tender offer for...
Mastercard Explores Sale of Nets Real-Time Payments Business
Mastercard has engaged investment bankers to explore selling the real‑time payments business it bought from Denmark’s Nets in 2019 for $3.2 billion. The unit, which produces roughly $370 million in revenue and $100 million EBITDA, is expected to fetch a price below its...
Totalis Program Underwriters Acquires Specialist Provider ShoreOne
Totalis Program Underwriters has acquired ShoreOne Insurance Managers, a niche provider of homeowners insurance with integrated flood coverage. The deal terms were undisclosed, and ShoreOne will operate as an independent business unit under Totalis, with Cameron Rhodes taking over as...
VivoPower Receives Nasdaq Approval of Ticker “TEMB” For Planned Tembo Listing at a Targeted Valuation of $838 Million
VivoPower PLC announced Nasdaq’s approval of the “TEMB” ticker for the forthcoming Tembo Group N.V., the entity to be created through its merger with Cactus Acquisition Corp. I. The deal values Tembo at an indicative pre‑money equity of about $838 million,...
ZIM Seeks Executive Bonuses as $4.2bn Sale to Hapag-Lloyd and FIMI Advances
ZIM is seeking shareholder approval for a $924,000 retention bonus for CEO Eli Glickman as part of its pending $4.2 billion sale to Hapag‑Lloyd and Israeli private‑equity fund FIMI. Thirteen other senior executives could receive up to $5.4 million in similar payouts,...
TransDigm: Mini-Monopolies at 30,000 Feet
TransDigm Group has built a portfolio of niche aerospace components that function as mini‑monopolies, giving the company strong pricing power and margins above 30 %. Its aggressive acquisition strategy—over 30 bolt‑on purchases in the last ten years—has driven compound earnings growth...
Morning SPAC News Roundup: March 26, 2026
The March 26, 2026 SPAC Insider morning roundup is a subscription‑only briefing that aggregates the day’s special‑purpose acquisition company (SPAC) developments. The page offers no free headlines, requiring a monthly plan to view detailed deal announcements, de‑registrations, and market commentary. While the...
Henkel to Acquire Olaplex for $1.4 Billion in Cash
Henkel AG announced a cash acquisition of Olaplex Holdings for $1.4 billion, offering $2.06 per share—a 54.9% premium to the prior close. The deal values Olaplex at 13.72 times its EBITDA and is slated to close in the second half of...
The Curious Case of Warner’s Eleventh-Hour Bidder
Paramount's pending acquisition of Warner Bros. Discovery faced a surprise eleventh‑hour bid from Singapore‑registered Nobelis Capital, offering $32.50 per share in cash. The proposal lacked disclosed financing or a definitive agreement, prompting Warner’s board to label it a likely non‑serious...
When Antitrust Meets National Security and Gets It Right
The U.S. Department of Justice approved the Hewlett Packard Enterprise‑Juniper Networks merger, citing modest antitrust risk and clear national‑security benefits. Critics argue the consent decree was politically motivated, but the Tunney Act hearing highlights pro‑competitive remedies such as divestitures and...
Tower Acquires 300mm Fab From JV Partner in Japan
Tower Semiconductor will acquire full ownership and operational control of the 300mm Fab 7 in Uozu, Japan, from its joint‑venture partner Nuvoton. The 65nm facility produces RF‑SOI, power‑management ICs, sensors and silicon‑photonics chips, and Tower aims to quadruple its capacity...