Response to Michal Barzuza’s “Nevada V. Delaware”
A coalition of Nevada officials and over twenty legal scholars issued a public response to Michal Barzuza’s revised paper “Nevada v. Delaware,” arguing that the draft misrepresents Nevada corporate law. The response highlights omitted Nevada Supreme Court decisions, multimillion‑dollar settlements, and numerous misquotations and legislative‑history errors. It clarifies that Nevada’s business‑judgment rule provides a default liability shield, but the state still prohibits intentional fraud and knows‑law violations. The authors aim to correct the record for advisors, investors, and corporate leaders evaluating jurisdictional choices.
Thursday April 23, 2026 — Field Note
Stereotaxis announced a deal to acquire robotic PCI developer Robocath for up to $45 million, including a $20 million cash upfront payment and up to $25 million in milestone‑based earn‑outs tied to regulatory and commercial progress. The acquisition brings Robocath’s R‑One+ platform—currently CE‑marked...
The Ultimate Guide to Investment Banking Deal Management Software
Investment banking deal management software offers a cloud‑based platform that consolidates deal data, task assignment, and reporting throughout the M&A lifecycle. It supports the four phases—initiation, planning, execution, and closure—by providing tools such as heat‑tracking, smart search, and workflow automation....
Top 3 SPAC Targets – Solar Power
After a lull, the SPAC market is refocusing on solar power. The article spotlights three private solar developers—Cypress Creek Renewables, Avantus, and ACES Africa—as top SPAC candidates. Cypress Creek runs about 3 GW of operating assets with a 15 GW pipeline; Avantus...
Inventurus Knowledge Solutions Acquires TruBridge for $557.27 Million
Inventurus Knowledge Solutions announced an all‑cash acquisition of TruBridge for $557.27 million, pricing each share at $26.25—a 14.83% premium to the prior close. The transaction, slated to close in Q3 2026, will be funded mainly through new debt arranged by Citibank, JPMorgan...
Blake Croegaert on the Ag Tech M&A Reset and 2026 Outlook
The precision‑ag M&A boom has sharply corrected as farm economics weaken and OEMs such as Deere, AGCO and CNH report 20‑30% revenue declines. Buyers now insist on profitability or sizable revenue, pushing valuations from high revenue multiples to lower earnings...
How the New Equity Tender Offer Exemptive Order Will Shape M&A
The SEC staff issued a new exemptive order that permits equity tender offers to close in a minimum ten‑business‑day period, shaving weeks off the traditional timeline. Law‑firm memos highlight that a sign‑to‑close window can now be as short as three...
Huboo Acquired Sorted Group to Unify Fulfilment, Shipping, Returns, and Delivery Analytics Into One Platform for E-Commerce Brands
Huboo, a tech‑enabled fulfilment provider, has acquired Sorted Group, a delivery‑management platform, to build an end‑to‑end logistics solution for e‑commerce brands. The combined entity handles over 100 million parcels a year for more than 400 retailers across sites in the UK,...
Robinhood Ventures Fund I Invested $75M in OpenAI, Adding It to a Portfolio that Includes Stripe, Revolut, Databricks, and ElevenLabs
Robinhood Ventures Fund I, a closed‑end fund that began trading on the NYSE in March 2026 under ticker RVI, announced a $75 million investment in OpenAI, marking one of its largest stakes. The fund’s portfolio already includes high‑growth private companies such...
Limits on Private Equity in CT Hospitals Passes State Senate
The Connecticut Senate approved Senate Bill 196, which bars private‑equity firms from acquiring or increasing control of hospitals after October 1, 2026 and requires annual certifications that no private‑equity influence exists. The bill also prohibits sale‑leaseback transactions on hospital campuses starting the...
Two Stocks, One Buyout Idea
The author revisits a long‑standing speculation that two unnamed companies could be the target of a mutual buyout. Recent corporate developments have made the scenario appear more credible, prompting the writer to double‑down on the thesis. The post notes a...
Vertical SaaS Is Buying Into the Market It Used to Sell Into
Vertical SaaS platforms are increasingly using their subscription cash flow to acquire adjacent companies within the same industry, a trend now evident across healthcare, manufacturing, warehouse management and EdTech. Recent transaction data shows the shift accelerating, with firms crossing a...
HSBC Narrows Down Shortlist for Sale of Singaporean Life Unit
HSBC has narrowed the bidders for its Singapore life insurance arm to Allianz, Daiichi Life and Sumitomo Life, with a potential valuation of up to $2 billion. The shortlisted firms are working with advisers to submit binding offers. The move follows...
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DealRoom Launches M&A Benchmark Tool to Help Deal Teams Compare Their Operations Against 150+ Industry Peers
DealRoom introduced an M&A Benchmark Tool that lets buy‑side teams compare their operations against data from more than 150 peer dealmakers. The interactive survey takes under two minutes and asks six questions covering team size, deal volume, typical deal size,...
Quick and Timely Idea: Positioned for a Sale
The firm announced a strategic alternatives review after previously turning down a private‑equity buyout offer. The language of the release suggests the sale process is already well‑advanced, with analysts estimating an over‑80% chance of a transaction within the next three...
Onto Innovation Acquires Stake in Rigaku for $710M
Onto Innovation agreed to purchase a 27% stake in Japan’s Rigaku Holdings for $710 million, gaining a board seat while keeping Rigaku’s management independent. The investment builds on an existing collaboration that integrates Onto’s AI‑driven Ai Diffract software with Rigaku’s CD‑SAXS...
Work Tech M&A in Q1 2026: Platform Extension, AI Capability Buying, and a Market Building From Both Ends
In Q1 2026 work‑tech M&A mirrored venture‑capital trends, with platforms buying AI‑native capabilities rather than building them. WorkTech tracked 40 transactions across 10 countries, noting that 12 deals involved HCM suites expanding into payroll, compliance, analytics or recruiting. AI‑focused acquisitions accounted...
Iron Horse Acquisition II Corp. (IRHO) to Combine with Electra Vehicles in $250M Deal
SPAC Iron Horse Acquisition II Corp. (ticker IRHO) announced a definitive merger agreement with Electra Vehicles, an electric‑vehicle technology firm. The transaction values the combined entity at approximately $250 million, with IRHO shareholders receiving a mix of cash and Electra shares....
Archimedes Tech SPAC Partners II Co. (ATII) to Combine with Forge Nano in $1.3Bn Deal
Archimedes Tech SPAC Partners II Co. (ATII) announced a definitive agreement to merge with nanotechnology firm Forge Nano, creating a combined public entity valued at approximately $1.3 billion. The transaction will deliver roughly $200 million in cash to Forge Nano and grant...
Agnico Buys RUP & AU. Also Talk GSKR, KLDC & GOT
Agnico Eagle has completed a $3.5 billion acquisition of Rupert Resources and Aurion Resources, securing the 4.3 million‑ounce Ikkari gold deposit and adjacent land. The transaction expands Agnico's Canadian footprint and adds a high‑grade, near‑term production asset. The deal also triggers market...
SoundHound AI to Acquire LivePerson for $250 Million
SoundHound AI announced a merger agreement to acquire LivePerson for an enterprise value of $250 million, paying $43 million in equity at $3.57 per share, a 7.21% premium. The deal includes $74 million of LivePerson’s cash and the retirement of discounted debt using...
Firestone Walker and Duvel USA to Acquire Stone Brewing From Sapporo
Firestone Walker and Duvel Moortgat USA have agreed to acquire the Stone Brewing brand from Sapporo USA, with the deal expected to close in Q2. Firestone Walker will manage Stone’s western U.S. markets and four California taprooms, while Duvel will...
VivoPower Becomes EBITDA Profitable: $31 Million Revenue, $10 Million EBITDA From Completion of Norway Data Center Acquisition
VivoPower closed a $41 million acquisition of a Norway data‑center portfolio, instantly boosting its top line to $31 million in revenue and delivering $10 million of EBITDA on a pro‑forma basis. The deal was fully funded without any new public equity, preserving shareholder...
Electro-Sensors to Be Acquired by Steute Technologies for $8.9 Million in a Cash Deal
German industrial sensor maker steute Technologies GmbH & Co. KG has agreed to acquire U.S.-based Electro‑Sensors, Inc. in an all‑cash transaction valued at $8.9 million. Shareholders will receive $7.75 per share, representing a 74.94% premium over the prior close. The price...
New Era of Berkshire Hathaway
Greg Abel, Berkshire Hathaway's new CEO, wrote a $1.8 billion check to buy a 2.49% stake in Japan's Tokio Marine Holdings, pairing the equity with a ten‑year quota‑share reinsurance treaty, a joint M&A clause and a five‑year exclusivity period. The move...
Return of the Saturday Night Special, Courtesy of the SEC
The SEC issued an exemptive order that halves the mandatory cash tender‑offer period from 20 business days to 10, citing market efficiency and technology. The change dovetails with Delaware’s §251(h) medium‑form merger rule, allowing a friendly acquirer to close a...
Recent Mining Acquisitions & Impact on Future Takeover Targets
The requested article is behind a paywall and its full content is not accessible. Consequently, specific details about recent mining acquisitions and projected takeover prices cannot be extracted.
Piermont Valley (CMCAF) to Combine with Tigerless Health in $280M Deal
Piermont Valley (ticker CMCAF), a special purpose acquisition company, announced a definitive agreement to combine with digital‑health firm Tigerless Health. The merger values Tigerless at approximately $280 million, providing the startup with public‑market liquidity and growth capital. Upon closing, Tigerless will...
B2B Trade Show Group Expands to Diversify From Tradition, Add Delegate, Sponsor Revenue
London‑based Montgomery Group, a family‑owned B2B events firm, announced the acquisition of Sustainable Aviation Futures (SAF) and Halldale Group to broaden its revenue mix beyond traditional trade shows. The deals, financed with cash and a $2.5 million loan at 5% interest,...
Warner Bros. Discovery and Irenic’s Plan for SNAP With Dr. Paul Nary – Special Situations Report Podcast Episode 63
Episode 63 of the Special Situations Report Podcast features Wharton professor Paul Nary discussing four high‑profile corporate actions. The conversation covers Warner Bros. Discovery’s widening bid spread, Irenic Capital’s activist campaign targeting Snap, Bill Ackman’s intricate proposal for Universal Music...
AGNICO EAGLE TO ACQUIRE AURION RESOURCES IN ALL-CASH TRANSACTION FOR APPROXIMATELY C$481 MILLION
Agnico Eagle Mines Ltd. announced an all‑cash acquisition of Aurion Resources Ltd. for roughly C$481 million (about $355 million USD), offering C$2.60 ($1.92) per Aurion share. The deal represents a 46% premium to Aurion’s April 17 closing price and expands Agnico’s footprint in...
Blue Owl to Acquire Sila Realty Trust in a $2.4 Billion Cash Deal
Blue Owl Capital announced a definitive agreement to acquire Sila Realty Trust for $2.4 billion in cash, pricing the transaction at $30.38 per share, a 19% premium to the prior close. The acquisition values Sila at 11.89 times its funds from...
Podcast: Inside Key Mining’s $303M Deal with Compass Digital Acquisition Corp. (CDAQF)
Key Mining Corp. announced a $303 million business combination with Compass Digital Acquisition Corp., a SPAC, to bring its titanium, copper and water‑desalination projects public. The deal merges a flagship titanium mine in Chile, a copper project in Arizona, and a...
The (Missing) Relation Between Acquisition Announcement Returns and Value Creation
The paper by Ben‑David, Bhattacharya, Huang and Jacobsen shows that the cumulative abnormal return (CAR) around acquisition announcements does not predict actual deal outcomes. Analyzing over 47,000 deals from 1980‑2018, the authors find no correlation between CAR and goodwill impairments,...
Deal Follow-Up. April Michelin Additions. Critics & More.
Michelin’s April guide for the UK and Ireland added 18 new restaurants, including eight fresh entries in London such as Fan, Luso, and The Hart. The guide’s expansion highlights a growing appetite for diverse, high‑quality dining experiences across the region....
Front Row Ag and Solstice Agriculture Merge to Create Unified Cultivation Supply Company
Front Row Ag LLC has merged with its longtime distributor Solstice Agriculture LLC, finalizing the deal on April 1, 2026. The combined entity will retain the Front Row Ag brand while Solstice operates as the dedicated distribution arm. By uniting...
AgroPlantae To Acquire Kemin Industries’ Crop Technologies Product Portfolio
AgroPlantae, a Fresno‑based biostimulant maker, announced the acquisition of Kemin Industries’ Crop Technologies product portfolio. The deal transfers eight botanical‑based biopesticides and plant‑nutrition solutions, including TetraCURB MAX and RevoCURB, to AgroPlantae. Kemin’s sales managers will join AgroPlantae and retain their current...
Amazon Buys Globalstar to Challenge Starlink – Merger Arbitrage Mondays
Amazon.com announced a definitive agreement to acquire Globalstar for $11.68 billion, adding roughly two dozen low‑Earth‑orbit satellites to its Project Kuiper constellation. Globalstar shareholders can elect $90 in cash or 0.321 Amazon shares per share, with cash elections capped at 40% of...
KKR’s Megafund Momentum: Are Private Equity Giants Pulling Away for Good?
KKR & Co. reported a 23% gross internal rate of return for its North American private equity funds, a standout performance amid tightening fundraising and higher interest rates. The result underscores the resurgence of megafunds—large‑capacity vehicles that leverage scale, deal...
Delaware Court Rejects “Public Offering” Exclusion in De-SPAC Coverage Dispute
The Delaware Superior Court ruled that the “public offering” exclusion in View’s D&O policy does not bar coverage for claims arising from its de‑SPAC transaction, because the shares were issued by the SPAC parent, not View itself. The court also...
Operational Inflection + GLP-1 Winner
A low‑priced consumer business currently in a turnaround is hitting an operational inflection point, with GLP‑1 drug adoption expected to accelerate growth. The company trades at roughly 4.7 × EBITDA and holds net cash equal to about half its market capitalization, creating...
Exit Readiness: Why It Matters & How To Prepare Your Business
James Cowper Kreston emphasizes that exit readiness is a proactive strategy, not a last‑minute fix. By establishing clear financials, robust KPIs, solid governance and tax efficiency early, owners safeguard value and avoid forced sales. Early work on corporate structure, share‑scheme design and...
What Is a Business Exit Strategy
The Tiger 21 guide defines a business exit strategy as a comprehensive roadmap for transferring ownership while maximizing financial return and aligning with personal, family, and philanthropic goals. It outlines five primary paths—mergers and acquisitions, initial public offerings, private‑equity sales, generational...
Viking Acquisition Corp. I (VACI) to Combine with NorthStar Earth & Space in $405M Deal
Viking Acquisition Corp. I (VACI), a special purpose acquisition company, announced a definitive agreement to merge with NorthStar Earth & Space, a satellite data and analytics firm. The transaction values the combined entity at approximately $405 million, providing NorthStar with a...
Morning SPAC News Roundup: April 17, 2026
The Morning SPAC News Roundup for April 17, 2026, compiled by Nicholas Alan Clayton, offers a curated snapshot of the latest developments in the special purpose acquisition company (SPAC) sector. Accessible only through a subscription, the newsletter aggregates recent filings,...
Salt Capital and Proparco Acquire Namibian Oncology Centre
Salt Capital and French development finance institution Proparco have jointly acquired The Namibian Oncology Centre (NOC), Namibia’s leading specialist cancer care provider. The acquisition follows NOC’s founding by local clinicians and businesspeople to broaden cancer diagnosis, treatment and care across...
Conditioning Merger Payment on Release Constituted Breach of Certificate & DGCL Section 262
The Delaware Chancery Court ruled that OnSolve breached its certificate of incorporation and DGCL Section 262 by conditioning merger consideration on a stockholder’s execution of a release‑laden joinder agreement. The plaintiff, Chertok, had withdrawn his appraisal demand post‑closing and refused to...
SEC Exemptive Order Provides Path to 10-Business Day Equity Tender Offers
The SEC’s Office of Mergers and Acquisitions issued an exemptive order that lets qualifying equity tender offers close in ten business days instead of the standard twenty. To use the shortened period, offers must meet strict criteria, including cash‑only consideration...
Infrastructure Megadeals Surge: Inside the $33 Billion AES Acquisition and the Global Race for Energy Assets:
A consortium led by Global Infrastructure Partners (GIP) and EQT agreed to acquire AES Corporation for roughly $33.4 billion, making it one of the largest infrastructure buyouts of 2026. The deal reflects a broader shift toward private capital funding critical energy...
As De Beers Bid Deadline Looms, Botswana Pushes for Control – by William Clowes, Thomas Biesheuvel, Mbongeni Mguni and Antony...
Anglo American has set an April 16 deadline for bids to sell its De Beers diamond business, as the company moves to exit a market plagued by a deep downturn. Botswana, which already holds a 15% stake and mines two‑thirds of De Beers’...