Insights: Mergers & Acquisitions

Mergers & Acquisitions

Baker Hughes/Chart Industries

The transaction’s initial 30-day HSR waiting period is scheduled to expire on October 3. The DOJ historically has had jurisdiction over energy products and services mergers and will likely review this deal as well.

Mergers & Acquisitions

MasterBrand/American Woodmark

The transaction’s initial 30-day HSR waiting period is scheduled to expire on October 6. We continue to expect MasterBrand/American Woodmark will receive a second request from the DOJ. New feedback from industry participants (who are not involved in the deal) suggests the deal eliminates one of two commodity-grade or “stock” cabinet manufacturers...

Mergers & Acquisitions

Paramount Sydance/Warner Discovery

Upcoming/recent developments… The Wall Street Journal reported recently that Paramount Skydance (Paramount) is preparing a majority cash bid for Warner Brothers Discovery (Warner). The bid is apparently for the entire company. Our outlook… We believe Paramount/Warner would ultimately be cleared by federal regulators. As we are observing...

Mergers & Acquisitions

The companies are due to file HSR by August 29. We do not expect HNI/Steelcase will receive a second request from the FTC or DOJ, but we do observe material risk of such an outcome.

Mergers & Acquisitions

MasterBrand/American Woodmark

The companies are due to file HSR by September 3, with the possibility of a ten business day extension based on mutual agreement of the parties.

Mergers & Acquisitions

The defendants’ opposition brief was unsealed over the weekend and reveals key details on the companies’ proposed divestiture (Integer Holdings is reportedly the buyer). The Divestiture includes Biocoat’s entire UV-cured coatings business and its currently-marketed thermal-cured hydrophilic coatings business (Competitive Thermal Coatings), along...