InsideArbitrage Event Driven Monitor – March 11, 2026
Merger arbitrage activity intensified this week as Paramount’s $24 billion bid for Warner Bros. met criticism from Senator Warren over a pending national‑security review, while Udemy filed a definitive proxy and Eventbrite’s sale to Bending Spoons closed after 98 days. Activist investors made headlines: BlackLine added two directors, D.E. Shaw challenged CoStar’s reporting changes, and Starboard disclosed a $350 million stake in CarMax with board nominations. Capital‑allocation moves also surged, with Bunge authorizing a $3 billion buyback, Honeywell financing an $11 billion note package for its aerospace spin‑off, and numerous insiders purchasing millions of dollars of stock.
The SaaSpocalypse and Salesforce’s Massive Buyback – The Special Situations Report Episode 57
Episode 57 of the Special Situations Report podcast discusses four headline stories. Salesforce announced a $50 billion stock buyback, the largest ever for the company. The show also covers a bidding war for Reservoir Media, insider sales at Warner Bros. Discovery, and Elliott...
Kuva Labs to Acquire Lisata Therapeutics in a $21.38 Million Deal
Kuva Labs Inc. announced a $21.38 million acquisition of Lisata Therapeutics, offering $5 in cash per share plus one contingent value right (CVR) per share. The cash price reflects a 19.62% premium to Lisata’s last closing price. The CVR triggers an...
Servier to Acquire Day One Biopharmaceuticals in a $2.5 Billion Cash Deal
France‑based Servier announced a $2.5 billion all‑cash acquisition of U.S. biotech Day One Biopharmaceuticals. The tender offer prices Day One shares at $21.50, a 68.23% premium, equating to 8.34 times the company’s sales. Servier will fund the transaction with existing cash and...
Royal Cup Coffee and Tea to Acquire Farmer Bros. For $89.62 Million in Cash
Royal Cup Coffee and Tea announced a cash acquisition of Farmer Bros. Co. for $89.62 million, paying $1.29 per share—a 13.42% discount to the prior close. The transaction values Farmer Bros. at roughly 16.66 times EBITDA. The deal, advised by North...
InsideArbitrage Event Driven Monitor – March 3, 2026
The March 3 2026 InsideArbitrage Event‑Driven Monitor reports a flurry of high‑profile M&A activity, including Global Infrastructure Partners and EQT’s $33.4 billion acquisition of AES at a 13.2% discount and a co‑founder‑led consortium’s $3.9 billion purchase of Select Medical at a 10% premium. Pending...
Co-Founder Robert Ortenzio-Led Consortium to Take Select Medical Private for $3.9 Billion
Select Medical Holdings agreed to be taken private for $3.9 billion by a consortium led by co‑founder Robert Ortenzio, senior executive Martin Jackson, and private‑equity firm WCAS. The deal offers $16.5 in cash per share, a 10% premium to the prior...
Finding Value in Numbers With Ehsan Ehsani – The Special Situations Report Episode 56
Episode 56 of the Special Situations Report features Ehsan Ehsani, executive director at Crescendo Partners and Columbia Business School adjunct, promoting his new book "Finding Value in Numbers." The interview delves into quantitative investing tools, the Kelly Criterion for portfolio...
InsideArbitrage Special Situations Newsletter: March 2026
InsideArbitrage’s March 2026 Special Situations newsletter warns of a continuing "Software Nuclear Winter" in the SaaS sector, describing deep valuation pressure and market disruption. The firm recently acquired SaaS company Navan (NAVN) and highlights another discounted SaaS opportunity, suggesting the...
Paramount Skydance to Acquire Warner Bros. Discovery in a $110 Billion Deal
Paramount Skydance Corp. announced a $110 billion agreement to acquire Warner Bros. Discovery, offering $31 per share—a 10.05% premium. The transaction is financed by $47 billion in equity backed by the Ellison family and RedBird Capital, plus $54 billion of new debt from...
CECO Environmental to Acquire Thermon Group for $2.2 Billion
CECO Environmental Corp. announced a $2.2 billion merger agreement to acquire Thermon Group Holdings, offering shareholders a choice of mixed cash‑stock, all‑cash, or all‑stock consideration. The all‑cash option represents a 28.37% premium over Thermon's last closing price, valuing the target at...
GCI Liberty and John Malone’s M&A Play with Chris Waller – The Special Situations Report Episode 55
Episode 55 of the Special Situations Report features Chris Waller discussing GCI Liberty, a broadband provider serving remote Alaskan communities. The conversation traces GCI's origins as a spinoff from John Malone’s Liberty Media empire and examines its core fiber infrastructure....
Stanley Martin Homes to Acquire United Homes Group for $221 Million
Stanley Martin Homes announced a merger agreement to acquire United Homes Group for $221 million. United Homes shareholders will be paid $1.18 per share in cash, a 50.42% discount to the stock’s last close. The transaction is slated to close in...
Veris Residential to Be Acquired by Affinius Capital and Vista Hill Partners in a $3.4 Billion Deal
Veris Residential announced a $3.4 billion cash acquisition by a consortium led by Affinius Capital and Vista Hill Partners. Shareholders will receive $19 per share, a 13.3% premium, while common partnership units are paid the same amount. The deal, priced at...
InsideArbitrage Event Driven Monitor – February 23, 2026
The InsideArbitrage Event Driven Monitor reports several key regulatory and corporate developments on February 23, 2026. Paramount Pictures cleared the 10‑day HSR waiting period and secured German approval for its bid to acquire Warner Bros. Discovery, while the FTC terminated...
Leonard Green & Partners to Acquire Mister Car Wash for $3.1 Billion
Leonard Green & Partners announced a definitive agreement to acquire Mister Car Wash, Inc. for $3.1 billion in cash, paying $7 per share, a 16.5% premium to the prior close. The transaction values the car‑wash operator at 13.78 times EBITDA and...
Africa’s MTN Group to Acquire IHS Holding for $6.2 Billion in Cash
MTN Group announced a $6.2 billion cash acquisition of IHS Holding, offering $8.50 per share—a 2.53% premium to the prior close. The deal will be funded by $1.1 billion of MTN cash, $1.1 billion from IHS’s balance sheet, and a rollover of existing...
Danaher to Acquire Masimo for $9.9 Billion
Danaher Corporation announced a $9.9 billion cash deal to acquire Masimo Corporation at $180 per share, a 38.3% premium. The acquisition will place Masimo as a standalone unit within Danaher’s Diagnostics segment alongside Radiometer and Beckman Coulter. Danaher expects the transaction...
Kennedy-Wilson to Be Acquired by a Consortium Led by CEO McMorrow and Fairfax Financial for $6.16 Billion
Kennedy-Wilson Holdings announced a definitive agreement to be acquired by a consortium led by its CEO William McMorrow and Fairfax Financial for $6.16 billion. The deal offers $10.9 in cash per share, a 10.21% premium to the last closing price. Fairfax...
Transocean to Acquire Valaris in $6.5 Billion Offshore Merger – Merger Arbitrage Mondays
Transocean Ltd. announced an all‑stock acquisition of Valaris Limited for $6.51 billion, offering a 31.6% premium and an exchange ratio of 15.235 Transocean shares per Valaris share. The combined entity will operate 73 rigs across ultra‑deepwater, harsh‑environment, and jackup segments, creating...
InsideArbitrage Event Driven Monitor – February 13, 2026
InsideArbitrage’s February 13 2026 Event‑Driven Monitor bundles a wave of corporate actions across M&A, shareholder activism, insider buying, SPAC listings, and buyback authorizations. Highlights include Sumitomo Forestry’s $4.5 billion acquisition of Tri Pointe Homes at a 28.5% premium, shareholder approvals for the Qorvo‑Skyworks and...
