Insights: Mergers & Acquisitions

Mergers & Acquisitions

Rocket Companies Acquisitions (Redfin and Mr. Cooper)

Per the terms of their Merger Agreements, Rocket/Redfin HSR are obligated to file HSR as promptly as practicable following the signing of their deal on March 9, while Rocket/Mr. Cooper is set to file HSR by May 6.

Mergers & Acquisitions

James Hardie/AZEK

Per the terms of the Merger Agreement (MA), the companies are set to file HSR by April 28, 2025.

Financials, Mergers & Acquisitions

Capital One/Discover

Going into the end of last week, it appeared that the Capital One/Discover deal would be subject to the more permissive bank M&A regulatory framework that we expect the Trump administration to pursue in the coming years. In fact, the CFPB dropped its lawsuit against Capital One, which suggested the Trump administration was inclined to look at the...

Mergers & Acquisitions

Schlumberger/ChampionX

While we continue to expect the proposed merger will close, recent developments raise some concern that deal consummation is at risk and could be delayed past early-Q2. Recent feedback from industry participants (who are not involved in the merger) suggests the NCA’s concerns with the deal’s impact on the North Sea production chemicals market may...

Mergers & Acquisitions

Omnicom/Interpublic

Recent/upcoming developments… The merger’s 30-day HSR waiting period is set to expire on February 6. Our outlook… We expect the companies will receive a second request this week unless they pull and refile their HSR filing. However, we believe a decision to issue a second request would be driven more by political considerations than substantive...

Mergers & Acquisitions

Upcoming/recent developments… The DOJ filed a lawsuit last week seeking to enjoin the proposed merger. The case was assigned yesterday to Northern California Federal District Court Judge P. Casey Pitts, a 2022 Biden appointee. After graduating from Yale law school in 2008, Pitts clerked for 9th Circuit Court Judge Stephen Reinhardt and...