Insights: M&A

Mergers & Acquisitions

365 Retail/Cantaloupe

The companies should be soon preparing to certify compliance with the FTC's second request. The Merger Agreement (MA) specifies a September 15, 2026, outside date, and unless the companies compel a decision from the FTC before approximately mid-March, the companies may not leave themselves with enough time under the current MA timeline to...

Mergers & Acquisitions

Boston Scientific/Penumbra

The parties are set to file HSR by February 13. Based on our research to date, we expect that the proposed transaction will receive a second request from the FTC. Industry participants (who are not involved in the deal) have conveyed that Penumbra and Boston Scientific are the two largest suppliers of detachable peripheral embolization coils...

Mergers & Acquisitions

Trends in Merger Enforcement Under Trump

Compass/Anywhere was cleared by the DOJ after the deal’s second HSR-waiting period expired on January 2. Recent reporting from media outlets including the Wall Street Journal and Bloomberg revealed that the DOJ Antitrust Division was preparing to launch a second request investigation, but Trump-aligned lawyer/lobbyist Mike Davis was successful in...

Mergers & Acquisitions

The transaction’s initial 30-day HSR waiting period is scheduled to expire on January 12. We expect that the transaction will clear without a second request. Industry participants (who are not involved in the deal) conveyed that IBM/Red Hat and Confluent compete in the Kafka-based cloud-managed enterprise data streaming market and the...

Mergers & Acquisitions

Abbott/Exact Sciences

The merger agreement does not specify a date by which the companies are obligated to file HSR, but we expect a filing will be made this month. We believe that this transaction will avoid a second request from the FTC. We have not uncovered any evidence of meaningful head-to-head competition between Abbott and Exact in colorectal cancer...

Mergers & Acquisitions

NEC Netcracker/CSG Systems

The transaction’s initial 30-day HSR waiting period is scheduled to expire on January 5. We believe that there is a likelihood of a second request. Feedback from industry participants (who are not involved in the deal) suggests that the merger would combine the two largest providers of bespoke business support systems (BSS) for cable television...