Insights: M&A

Mergers & Acquisitions

Herc/H&E Equipment

The HSR waiting period for this transaction is set to expire on May 14, 2025. The companies had previously pulled their HSR filing on April 11, 2025 and refiled it with the FTC on April 14, 2025.

Mergers & Acquisitions

Our research on HPE/Juniper continues to suggest the DOJ is likely to prevail in litigation. Industry participants (who are not involved in the deal) believe the DOJ’s “enterprise-grade WLAN solutions” market definition is valid and that the merger combines two of only three significant players in the large enterprise (e.g., Fortune 1000) segment...

Mergers & Acquisitions

Schlumberger/ChampionX

The U.K. Competition and Markets Authority (CMA) announced on April 10 that it had provisionally found the companies' proposed undertakings could address its antitrust concerns. The CMA confirmed they have 40 working days to consider undertakings in more detail, including seeking third-party feedback. We should note that the CMA can extend its...

Mergers & Acquisitions

Rocket Companies Acquisitions (Redfin and Mr. Cooper)

Per the terms of their Merger Agreements, Rocket/Redfin HSR are obligated to file HSR as promptly as practicable following the signing of their deal on March 9, while Rocket/Mr. Cooper is set to file HSR by May 6.

Mergers & Acquisitions

James Hardie/AZEK

Per the terms of the Merger Agreement (MA), the companies are set to file HSR by April 28, 2025.

Financials, Mergers & Acquisitions

Capital One/Discover

Going into the end of last week, it appeared that the Capital One/Discover deal would be subject to the more permissive bank M&A regulatory framework that we expect the Trump administration to pursue in the coming years. In fact, the CFPB dropped its lawsuit against Capital One, which suggested the Trump administration was inclined to look at the...