Insights: M&A

Mergers & Acquisitions

Latest Developments: The companies likely received a supplemental information request (SIR) from the Canadian Competition Bureau on or before June 15. The Bureau’s report of merger reviews states the review as “ongoing” despite opening the investigation on May 7, 2026, and we are well beyond the initial 30-day waiting period...

Mergers & Acquisitions

Latest Developments: The parties filed in Germany on September 15 and Austria on September 16, and Cyprus announced notification on September 22. Also, the scheme of arrangement contemplates reviews by, among other regulators, DOJ and SAMR. We do not have enough insight into the Chinese market to know whether this transaction qualifies for...

Mergers & Acquisitions

Kimberly-Clark/Kenvue

Latest Developments: The companies offered undertakings in the EU on September 22. The EU decision deadline is now October 13. Current Outlook: We believe that the commitments offered by the companies should satisfy the EC. Our research suggests that there is little horizontal overlap between the companies in the EU, and thus we are operating...

Mergers & Acquisitions

Fertitta/Caesars

Latest Developments: The companies received a second request on September 14, 2026. Current Outlook: We believe that the FTC’s concerns are resolvable via divestitures and anticipate that it will take at least eight months from deal announcement (though likely longer) to receive all state gaming regulator approvals. On the problematic...

Mergers & Acquisitions

HSR is set to expire on September 8, 2026. The companies previously pulled and refiled their HSR notification on August 7, 2026.

Mergers & Acquisitions

Paramount Skydance/Warner Bros.

Pressure is mounting on CA attorney general Rob Bonta to reach a settlement with the companies. Yesterday, Los Angeles Mayor Karen Bass implored Bonta and Paramount to “urgently” reach a settlement. Earlier this week, Cinemark joined AMC and Regal in backing the merger, calling for an "expedited resolution" to Bonta's antitrust lawsuit. That...