Insights: M&A

Mergers & Acquisitions

The companies are due to file HSR on October 28. The MA contains a provision that if the filing deadline falls on a date that the Premerger Notification Office (PNO) is not accepting filings, the HSR deadline will be extended to the business day after the PNO begins accepting filings again. While the PNO remains open during the government...

Mergers & Acquisitions

The transaction received a second request from the FTC on September 17. There is substantial risk this deal could be challenged by the FTC. According to industry participants (who are not involved in the deal) 365 Retail (365) and Cantaloupe are the largest players in three unattended retail market segments: micro-markets, smart markets, and...

Mergers & Acquisitions

Compass/Anywhere

Based on research to date, we expect Compass/Anywhere will receive a second request from the DOJ. Feedback from industry participants (who are not involved in the deal) as well as industry reports indicate that the combined company will have a dominant share of the luxury home brokerage services market at both a national and local level. We...

Mergers & Acquisitions

The EC will soon decide whether to issue a formal statement of objections (SO) against the deal. An SO typically issues on or around the 40th business day of the EC’s review, which would be October 10th in this case. The M&A publication Dealreporter reported today that the case team reviewing the transaction has found no basis for an SO and has...

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...