SJRWF News and Press, Shaw Communications Inc From 07/13/21

Welbilt receives a second more lucrative offer from the Ali Group that is well above the current all-stock deal with Middleby. Regulatory agencies flex their muscles with China’s antitrust regulator blocking Tencent Holdings’ plan to merge Huya and DouYu. EU approves...

The portfolio rose another 7.4% in the second quarter after it gained 62.94% in the first quarter 2021. Hence, the total return for the first half is 75.1%. The portfolio outperformed the German DAX (+12.9 %) as well as the MSCI World Index which gained 12.4% from January till the end...

Rogers is acquiring Shaw Communications for $26B. The company's leverage ratios will rise to above-average levels. Investors are likely in for another period of dividend stagnation. For further details see: Dividend Watch: Rogers Communications' Transformational Acquisit...

CAI International and Mitsubishi HC Capital join forces. At Home Group receives an improved offer but its largest shareholder is not happy with the higher offer. Multiple active deals receive required regulatory and shareholder approvals. For further details see: Merger ...

Nearly $13 billion worth of all cash deals announced last week. Magnachip receives a higher bid, but trades well below the original acquisition price due to regulatory risks. SPAC activity picks up with 9 new IPOs filed. For further details see: Merger Arbitrage Mondays ...

Regional bank consolidation continues with three new bank deals announced last week. Extended Stay America catches a higher bid. Chamath Palihapitiya files for four new biotech-focused SPACs. For further details see: Merger Arbitrage Mondays: Extended Stay America Receiv...

Ali Group ignites a potential bidding war for Welbilt (WBT). Cimarex Energy (XEC) and Cabot Oil & Gas Corporation (COG) combine in an $8.5 billion all-stock deal. United Rentals (UFN) completes the acquisition of General Finance Corporation (GFN) in 40 days. For further ...

Canadian National wins the bid for Kansas City but with a regulatory twist. Movie rental company Redbox decides to take the SPAC route to go public. Consolidation in the regional banking space continues with Glacier Bancorp acquiring Altabancorp. For further details see: ...

SPAC Business Combination announcements double compared to the previous week. Potential Deal in the Works Domtar Corporation (UFS) agrees to be acquired by Paper Excellence for $3.02 billion. Chevron Corporation (CVX) closes the acquisition of Noble Midstream Partners (NBLX). ...

Sam Zell's Equity Commonwealth (EQC) wins bidding war for Monmouth Real Estate Investment Corporation (MNR) but arbitrageurs are expecting more. Farm Bureau Property & Casualty Insurance Company bumps up its offer price for FBL Financial Group (FFG) to $61 per share from its previ...