Pentwater Leads Merger Arbitrage with $10.6 B Book
Largest merger arbitrage books (by 13-F*) Pentwater: $10.6 billion HBK: $8.1 billion Millennium: $7.8 billion Balyasny: $5.3 billion Fidelity: $4.4 billion Citadel: $2.9 billion Qube: $2.7 billion AQR: $2.4 billion Glazer: $2.3 billion Magnetar: $2.1 billion h/t Cantor
Major M&A Moves: IHS, MCW Deals and New IPO
Today's M&A and SPAC notes $IHS to be acquired by MTN Group for $8.50 cash, 3.3% premium, $6.2 billion $MCW to be acquired by Leonard Green & Partners for $7.00 cash, 16.5% premium, $3.1 billion $POLE / StoreDot deal terminated $AACIU $225 million IPO https://t.co/ugQ3GsLFCw
Scandal Sparks Fire Sale Talk for Wasserman Agency
New pod: Time for a scandal-induced fire sale...Who's gonna buy the Wasserman agency? With @Lucas_Shaw. https://t.co/A5o9vSMmEb
Sarandos Accuses Paramount of Misinformation as WBD Negotiates Rival Deal
Ted Sarandos Slams Paramount for ‘Flooding the Zone With Misinformation’ as Warner Bros. Discovery Initiates New Talks With Rival Suitor https://t.co/rpsvBCV0vj via @variety
Warner Bros. Reopens Paramount Talks Amid Netflix Deal Deadline
And in the end, #Paramount got the momentum it wanted luring investors directly, as after active investor #AncoraCapital demanded WBD to reopen negotiations with #Paramount, $WBD announced this TUE it’ll invite $PSKY back to the negotiation table for a 7-day...
Paramount Skydance Open to Talks, No Bid Increase Confirmed
Paramount Skydance ‘Prepared to Engage’ With Warner Bros. Discovery on Takeover Talks, but Doesn’t Indicate Whether It Will Raise Price of Its Hostile Bid https://t.co/UtIQUrAntR via @variety
Netflix Labels Paramount's Bid Tactics a Warner Distraction
Netflix on Tuesday called Paramount’s “antics” in the bidding process an “ongoing distraction” for Warner shareholders. https://t.co/qxzp2o4uzj
Netflix Flags $16B Paramount Cut Plan as Regulatory Red Flag
About Paramount's plans for deep cuts at a merged WBD-Paramount, Netflix said: "A business plan that is dependent upon $16 billion in cost savings should be an unmistakable red flag for regulators, policymakers, union leaders and creatives" https://t.co/PzRuPSChaP via @variety
Paramount Signals $31 per Share, Not Final
WBD says after Paramount submitted its Feb 10 amended offer, a “senior representative for PSKY” informed a WBD board member that if WBD OK'd M&A talks, Paramount “would agree to pay $31 per share and that the offer was not...
Netflix Defends Deal, Calls Paramount's Antics a Distraction
Netflix statement re WBD talks with Paramount: "While we are confident that our transaction provides superior value and certainty, we recognize the ongoing distraction for WBD stockholders and the broader entertainment industry caused by PSKY's antics" https://t.co/PzRuPSChaP
ITRK Acquires Drone Solar Inspector, Yields Improve
#ITRK bought Aerial PV Inspection GmbH which uses Drones to inspect Solar Panels. No financial details given. ShareScope showing fwd p/e 17.7 falling to 16.2 and fwd Divvy 3.6% rising to 4%; classy business and decent yield now. I don't...
CSN Expands Into Luxembourg with €110m Acquisition, 7.5% Yield
#CSN buying Scottish Widows Europe SA in Luxembourg for total cash €110m. Adds 46,000 in-force policies and €1.7bn Assets Under Administration. Enables CSN to enter Luxembourg market. ShareScope showing fwd Dividend Yield 7.2% rising to 7.5%; still tasty.
Danaher Nears $10 B Acquisition of Masimo
Big deal scoop by @sindap and @mroliverbarnes - US healthcare manufacturer Danaher is closing in a $10bn deal to buy medical tech group Masimo. A deal could be announced as early as Tuesday provided it does not hit any last-minute...
CREI Acquires Family Office Portfolio Amid Quiet Day
Another light news day. #CREI done a useful acquisition of a Family Office portfolio. Apart from that not much going on (I don't hold CREI).
Artists Urged to Quit Wasserman Before His Payday
The idea that Casey Wasserman will make a massive payday selling his agency is disturbing. Agents and artists should leave and form something new before he profits from it. Also he shouldn’t be allowed to be involved with the Olympics
IMMX Gains Momentum as CAR‑T Landscape Heats Up
$IMMX momentum continues >Mizuho analyst initiates $14 PT >Lily acquisition of Orna Therapeutics $2.4 billion >AbbVie acquired Capstan Therapeutics $2.1 billion CAR-T heating up >Next milestone: imminent enrollment completion >Could NXC-201 be an eventual front-line therapy for AL Amyloidosis? >BLA submission projected Q3’26 https://t.co/cPpiiFHQal
Grab to Buy Majority of Stash for $425M
🇸🇬🌏Singapore's Grab agrees to acquire Stash Financial for initial $425m: Grab will acquire a 50.1% equity stake in @Stash by Q3 2026, with plans to acquire remaining shares from existing shareholders over a three-year period. @TylerPathe, @FinTech_Futures: https://t.co/KqNQdcjgR4 #WealthTech #WealthManagement #ecosystems #SoutheastAsia
Grab Buys Stash to Import US AI Wealth Regulator Moat
The Reverse Expansion: East Acquires West 🔄 Singapore's Grab is buying U.S. fintech Stash for $425M — not for the users, but for the AI Money Coach: an SEC-regulated, auditable AI wealth advisor with $5B+ AUM. Super-apps are now importing American regulatory...
Stash Sold for $425M, Far Below $747M Raised
Ouch. Stash selling for $425MM after raising $747MM As a founder who has met a liquidation preference once in a while, this is PTSD. It is a tough hurdle to raise so much and then return the capital. Am sure the team...
Orbex Bankruptcy Highlights UK Launch Policy Uncertainty
UK launcher startup @orbexspace starts bankruptcy procedure after merger/acquisition/funding talks fail. @spacegovuk launch policy looks to be a puzzle. Remaining @nyxcapsule interest uncertain. @esa @defis_eu @SaxaVord_Space. https://t.co/h0Gu8UB0cx https://t.co/RsfCNjTv3u
Teciem Spins Off as Independent Firm After Apax Acquisition
Teciem Launches as Standalone Firm After Apax Acquires Finastra’s TCM Division - Fintech Schweiz Digital Finance News - FintechNewsCH https://t.co/8Q95tmVsv6 https://t.co/w4YfeaaFtC