Insights: M&A

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...

Mergers & Acquisitions

Patrick Industries/LCI Industries

The companies filed HSR on August 5, 2026. Prior to formal deal announcement, Sen. Mike Lee (R-UT) sent an oversight letter to the companies raising antitrust concerns about the potential deal, copying leadership at the DOJ and FTC.

Mergers & Acquisitions

The initial 30-day HSR waiting period was scheduled to expire on August 5, 2026 and the companies have not yet confirmed whether the waiting period has expired. Delayed updates on HSR status are typically associated with a Second Request or a pull and refile of HSR.