Updated October 11, 2026 · through Special Situations Digest #36 (Oct 11, 2026) · 42 this week
A running index of going-private transactions covered in the Special Situations Digest: recent take-private deals, leveraged buyouts, and merger agreements that would convert public companies into private entities, with each item linked to the underlying filing. Below: the 100 most recent situations spanning 19 countries. Earlier coverage includes 643+ additional situations from prior issues.
Going-private deals are among the most studied event-driven situations: a clear price floor (the announced offer), a defined timeline (shareholder vote, regulatory approval), and a measurable spread to closing. Activist campaigns, strategic reviews, and competing bidders frequently lift the eventual closing price above the announced offer, while regulatory or financing risks can break the deal.
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This week's take-private deals at a glance
Offer prices and expected closing dates as disclosed, soonest first.
| Company | Offer | Premium | Closes |
|---|---|---|---|
| Clear Channel Outdoor Holdings, Inc. CCO | $2.43 | – | Oct 14, 2026 |
| Distribution Solutions Group, Inc. DSGR | $35.00 | – | Oct 15, 2026 |
| Adeunis ALARF.PA | 0,84 euro | – | Oct 15, 2026 |
| InPost INPST.AS | – | – | Oct 23, 2026 |
| Satudora Holdings Co.,Ltd. 3544.T | ¥1,220 | -2.2% | Nov 27, 2026 |
| CE Holdings Co., Ltd. 4320.T | ¥1,650 | 37.61% | Jan 13, 2027 |
| Pilgrim's Pride Corp PPC | $28.49 | – | – |
| easyJet plc EZJ.L | £7.15 | – | – |
| Option Care Health, Inc. OPCH | $32.05 | 37.1% | – |
| Santam Limited SNT.JO | R505 | 26.6% | – |
| Bodycote plc BOY.L | GBp 940 | – | – |
| Nürnberger Beteiligungs-AG NBG6.DE | EUR 120.00 | – | – |
| MarineMax, Inc. HZO | $53.00 | 96% | – |
| Bowhead Specialty Holdings Inc. BOW | $34.00 | – | – |
| Bowman Consulting Group Ltd. BWMN | $43.00 | – | – |
| Priority Technology Holdings, Inc. PRTH | $8.05 | – | – |
| baudroie,inc. 4413.T | ¥2,970.00 | – | – |
| PT Indointernet Tbk EDGE.JK | Rp11,500 | – | – |
| Unifique Telecomunicações FIQE3.SA | R$ 6.00 | 10% | – |
| MKH Bhd MKH.KL | RM2 | – | – |
| JPMC Co., Ltd. 3276.T | closes 2026-10-05 | – | – |
| ALBIS Co.,Ltd. 7475.T | JPY 3,780 | – | – |
| Maoye International Holdings Limited 0848.HK | HK$0.21 | 110.1% | – |
| Figaro Culinary Group FCG.PS | ₱0.82 | 22.4% | – |
| MONNALISA S.p.A. MNL.MI | €0.6735 | 2.0% | – |
1 more with disclosed terms in the list below.
Jump to country
United States 27 situations
LogicMark, Inc. LGMK (US) · $1.00 · MCAP $900.0K · EV -$4M (negative EV reflects cash in excess of market value)
LogicMark, Inc. (LGMK) stockholders approved the July 31, 2026 merger agreement with Langham Project, LLC and Langham Merger Sub, Inc. at the October 5, 2026 special meeting.
Featured in Issue #36 · Oct 11, 2026
Pilgrim's Pride Corp PPC (US) · $28.60 · MCAP $6.8B · EV $9.5B
Offer $28.49
JBS proposed buying the remaining interest in Pilgrim's Pride (PPC) through a fixed exchange ratio of 2.086 JBS Class A shares for each PPC share.
Featured in Issue #36 · Oct 11, 2026
Clear Channel Outdoor Holdings, Inc. CCO (US) · $2.40 · MCAP $1.2B · EV $7.5B
Offer $2.43 · closes Oct 14, 2026
Mubadala Capital is taking Clear Channel Outdoor Holdings, Inc. (CCO) private in a cash merger at $2.43 per share.
Featured in Issue #36 · Oct 11, 2026
Distribution Solutions Group, Inc. DSGR (US) · $35.08 · MCAP $1.6B · EV $2.4B
Offer $35.00 · closes Oct 15, 2026
LKCM Headwater Investments, LLC is funding its take-private merger of Distribution Solutions Group, Inc. (DSGR) by pricing $800 million of 10.000% Senior Notes due 2032.
Featured in Issue #36 · Oct 11, 2026
Bowman Consulting Group Ltd. BWMN (US) · $42.76 · MCAP $741M · EV $1.0B
Offer $43.00
Prive Parent, Inc. is taking Bowman Consulting Group Ltd. (BWMN) private in an all-cash merger at $43.00 per share.
Featured in Issue #36 · Oct 11, 2026
Option Care Health, Inc. OPCH (US) · $31.07 · MCAP $4.7B · EV $5.7B
Offer $32.05 · premium 37.1%
Onyx Bidco LLC and Onyx Merger Sub will take Option Care Health (OPCH) private for $32.05 per share in cash, a premium of approximately 37% to the October 5, 2026 closing share price.
Featured in Issue #36 · Oct 11, 2026
Bowhead Specialty Holdings Inc. BOW (US) · $33.80 · MCAP $1.1B
Offer $34.00
American Family Mutual Insurance Company, S.I. and its wholly-owned subsidiary Trident Superior Inc. filed Amendment No.
Featured in Issue #36 · Oct 11, 2026
Priority Technology Holdings, Inc. PRTH (US) · $7.80 · MCAP $641M
Offer $8.05
Thomas Priore will take Priority Technology Holdings, Inc. (PRTH) private for $8.05 per share in cash.
Featured in Issue #36 · Oct 11, 2026
MarineMax, Inc. HZO (US) · $52.35 · MCAP $1.2B · EV $2.1B
Offer $53.00 · premium 96%
Safe Harbor Marinas, LLC, a Blackstone Infrastructure Partners L.P. portfolio company, is taking MarineMax, Inc. (HZO) private for $53.00 per share in cash.
Featured in Issue #36 · Oct 11, 2026
Utz Brands, Inc. UTZ (US) · $14.27 · MCAP $1.3B · EV $2.9B
Offer $14.25 · premium 91%
Idaho USA, Inc. will take Utz Brands, Inc. (UTZ) private in a cash merger at $14.25 per share.
Featured in Issue #35 · Oct 4, 2026
GFL Environmental GFL (US) · $40.43 · MCAP $14.6B · EV $21.7B
GFL rose 4% on a report that two private equity groups have made offers for the company.
Featured in Issue #35 · Oct 4, 2026
Soundthinking, Inc. SSTI (US) · $8.31 · MCAP $109M · EV $108M
Transom Signal AcquireCo, LLC will take Soundthinking, Inc. (SSTI) private for $8.00 per share in cash plus one contingent value right (CVR) worth up to $3.00 (Agreement and Plan of Merger).
Featured in Issue #35 · Oct 4, 2026
The Marygold Companies, Inc. MGLD (US) · $1.95 · MCAP $83M
Offer $2.00
Funds managed by Madison Dearborn Partners will acquire all outstanding shares of The Marygold Companies for $2.00 per share in cash.
Featured in Issue #35 · Oct 4, 2026
Clear Channel Outdoor Holdings, Inc. CCO (US) · $2.35 · MCAP $1.2B · EV $7.5B
Clear Channel Outdoor Holdings (CCO) now expects its acquisition by a Mubadala Capital-advised consortium to close early in the fourth quarter of 2026 (Form 8-K).
Featured in Issue #35 · Oct 4, 2026
DoubleVerify Holdings, Inc. DV (US) · $13.40 · MCAP $2.1B · EV $2.0B
Offer $13.60 · premium 22%
DoubleVerify entered into a Merger Agreement dated August 6, 2026 with Neptune BidCo US Inc. and Wallace Merger Sub Inc. Stockholders will receive $13.60 per share in cash, without interest and subject to withholding…
Featured in Issue #35 · Oct 4, 2026
MGM Resorts International MGM (US) · $31.06 · MCAP $7.9B · EV $36.2B
MGM Resorts International (MGM) is exploring a bid to take People Inc private.
Featured in Issue #35 · Oct 4, 2026
Integer Holdings Corporation ITGR (US) · $126.40 · MCAP $4.3B · EV $5.6B
Offer $127
Integer Holdings Corporation announced it received early termination of the HSR waiting period in connection with the pending acquisition by an affiliate of investment funds managed by KKR.
Featured in Issue #35 · Oct 4, 2026
Priority Technology Holdings, Inc. PRTH (US) · $7.79 · MCAP $642M
Priority Technology Holdings, Inc. is being sold to an investor group led by Chairman and CEO Thomas Priore for $8.05 per share in cash.
Featured in Issue #35 · Oct 4, 2026
Lifecore Biomedical, Inc. LFCR (US) · $6.60 · MCAP $247M · EV $436M
Offer $6.28 · premium 49.5%
Lifecore Biomedical entered into a merger agreement on September 27, 2026 with Lifecore Inc. and Hazel Merger Sub, affiliates of Webster Equity Partners.
Featured in Issue #35 · Oct 4, 2026
Sangoma Technologies Corporation SANG (US) · $4.88 · MCAP $164M · EV $187M
Sangoma announced fourth quarter fiscal 2026 results with revenue of $49.8 million and a net loss of $72.5 million.
Featured in Issue #35 · Oct 4, 2026
Weave Communications, Inc. WEAV (US) · $7.35 · MCAP $588M · EV $561M
Offer $7.40
Weave Communications stockholders will receive $7.40 per share in cash upon completion of the merger.
Featured in Issue #35 · Oct 4, 2026
Accelerant Holdings ARX (US) · $19.75 · MCAP $4.3B · EV $2.8B
Fwd P/E: 23.0x
Accelerant Holdings, together with its subsidiaries, operates a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners.
Thoma Bravo is acquiring Accelerant Holdings (ARX) in an all-cash transaction with an enterprise value of more than $4 billion. The 40-day go-shop period expired on September 22, 2026, with Accelerant receiving no alternative acquisition proposals. The deal is expected to close in the first half of 2027, subject to regulatory and shareholder approvals, after which Accelerant will delist from the NYSE. The expiration of the go-shop period without competing bids removes the last avenue for a higher offer before the shareholder vote, meaning the deal proceeds on the original terms.
Featured in Issue #34 · Sep 27, 2026
Weave Communications, Inc. WEAV (US) · $7.35 · MCAP $588M · EV $561M
Fwd P/E: 37.2x · Fwd EV/EBITDA: 26.7x · Fwd EV/GP: 3.0x · LTM EV/Sales: 2.2x · LTM EV/GP: 3.0x
Weave Communications, Inc. operates an AI-powered patient communications, engagement, and payments platform for small and medium-sized healthcare businesses. The company provides Weave Digital Forms to collect patient information.
Willow Parent, LLC is taking Weave Communications, Inc. (WEAV) private via a merger agreement. The merger is expected to close in the fourth quarter of 2026, subject to customary conditions including stockholder approval. Early termination of the HSR Act waiting period was granted on September 21, 2026. Weave will survive as a wholly owned subsidiary of Willow Parent, an affiliate of Francisco Partners, following the August 18, 2026 agreement.
Featured in Issue #34 · Sep 27, 2026
The Marygold Companies, Inc. MGLD (US) · $1.93 · MCAP $82M · EV $72M
Offer $2.00 · premium 100%
The Marygold Companies, Inc., through its subsidiaries, provides fund management services in the United States, Canada, the United Kingdom, New Zealand, and Australia. In addition, the company sells and installs alarm monitoring systems, security monitoring hardware, access controls.
Madison Dearborn Partners entered into a definitive agreement to acquire The Marygold Companies, Inc. (MGLD) for $2.00 per share in cash on September 25, 2026. The transaction represents a 100% premium over the September 24, 2026 closing price and will result in Marygold becoming privately held and delisted from the NYSE. The deal is expected to close in early 2027, subject to shareholder and regulatory approvals. The remaining spread reflects regulatory and shareholder approval risk and the early 2027 closing timeline.
Featured in Issue #34 · Sep 27, 2026
Utz Brands, Inc. UTZ (US) · $14.24 · MCAP $1.3B · EV $2.9B
Offer $14.25 per share
Fwd P/E: 17.6x · Fwd EV/EBITDA: 12.0x · Fwd EV/GP: 7.7x · LTM EV/Sales: 2.0x · LTM EV/GP: 9.1x
Utz Brands, Inc. manufactures branded salty snacks in the United States. The company provides a range of salty snack food products, such as potato chips, tortilla chips, pretzels, cheese snacks, pub and party mixes, pork skins, and ready-to-eat popcorn.
Intersnack Group GmbH & Co. KG and affiliated entities are taking Utz Brands, Inc. (UTZ) private in a merger that pays Class A shareholders $14.25 per share in cash (Schedule 13E-3). Under the July 20, 2026 agreement, Class V shares will be canceled for no consideration, and the existing tax receivable agreement will terminate with a $44 million payment to continuing stockholders. Following the merger, Class A common stock will be delisted from the NYSE. A preliminary proxy statement was filed on September 24, 2026, but a stockholder vote date has not yet been scheduled. The disparity in treatment between Class A and Class V shares is the central fairness question for holders.
Featured in Issue #34 · Sep 27, 2026
Cloopen Group Holding Limited RAASY (US) · $2.65 · MCAP $147M · EV $18M
Fwd EV/GP: 0.8x · LTM EV/Sales: 0.2x
Cloopen Group Holding Limited provides cloud-based communication solutions in the People's Republic of China. Its cloud-based unified communications and collaboration (UC&C) products include RongVideo.
Cloopen Group Holding Limited (RAASY) shareholders approved a merger agreement to take the company private on September 24, 2026. Approximately 99.98% of votes cast at an extraordinary general meeting approved the transaction with SpringX Holdings Limited and its affiliates. Cloopen will become a wholly-owned subsidiary of AutumnX Holdings Limited, and its ADSs will be delisted from the OTC Pink Market upon completion. Shareholder approval removes the key vote condition, leaving only the satisfaction or waiver of remaining closing conditions as the primary risk to the transaction. A closing date and remaining conditions were not disclosed.
Featured in Issue #34 · Sep 27, 2026
DigitalBridge Group DBRG (US) · $15.98 · MCAP $3.0B
Offer $16.00
Fwd P/E: 65.9x
DigitalBridge Group, Inc. is a leading global alternative asset manager dedicated to investing in digital infrastructure.
SoftBank Group Corp. will acquire DigitalBridge Group (DBRG) for $16.00 per share in cash. The company has received all required regulatory approvals, including FERC and CFIUS clearances, and expects the transaction to close within five business days. DigitalBridge common stock will be delisted from the New York Stock Exchange upon completion. Holders of Series H, Series I, and Series J preferred stock will receive a change of control notice and conversion election opportunity. The event removes deal-risk uncertainty and should compress arbitrage spreads to the $16.00 consideration.
Featured in Issue #34 · Sep 27, 2026
Japan 13 situations
JPMC Co., Ltd. 3276.T (JP) · ¥2,250.00 · MCAP $238M · EV $193M
Offer closes 2026-10-05
Amsterdam1 Co., Ltd. and Amsterdam2 Co., Ltd., vehicles of a Sunrise Capital management buyout, completed their tender offer for JPMC Co., Ltd. (3276.T), which ran from 4 August to 5 October 2026 at JPY 2,270 per share.
Featured in Issue #36 · Oct 11, 2026
Tohoku Steel Co., Ltd. 5484.T (JP) · ¥4,460.00 · MCAP $210M · EV $139M
Daido Steel and joint holders reported 95.75% ownership of Tohoku Steel (5484.T) as of September 30, 2026.
Featured in Issue #36 · Oct 11, 2026
CE Holdings Co., Ltd. 4320.T (JP) · ¥1,631.00 · MCAP $172M · EV $148M
Offer ¥1,650 · premium 37.61% · closes Jan 13, 2027
CE Holdings board resolved on 2026-10-09 to convene an extraordinary general meeting on 2026-11-13 to approve a share consolidation.
Featured in Issue #36 · Oct 11, 2026
ALBIS Co.,Ltd. 7475.T (JP) · ¥3,770.00 · MCAP $199M · EV $223M
Offer JPY 3,780
Life Corporation is taking ALBIS Co., Ltd. (7475.T) private through a cash tender offer at ¥3,780 (~$24) per share.
Featured in Issue #36 · Oct 11, 2026
Kobayashi Pharmaceutical 4967.T (JP) · ¥7,238.00 · MCAP $3.4B · EV $3.0B
NSSK and CVC Capital Partners submitted a non-binding preliminary joint proposal to take Kobayashi Pharmaceutical (4967.T) private.
Featured in Issue #36 · Oct 11, 2026
baudroie,inc. 4413.T (JP) · ¥2,970.00 · MCAP $586M · EV $574M
Offer ¥2,970.00
BCPE Neon Cayman, L.P. is taking baudroie (4413.T) private after its tender offer for shares at 2,970 yen succeeded.
Featured in Issue #36 · Oct 11, 2026
Satudora Holdings Co.,Ltd. 3544.T (JP) · ¥1,247.00 · MCAP $109M · EV $163M
Offer ¥1,220 · premium -2.2% · closes Nov 27, 2026
Terra Co., Ltd. is taking Satudora Holdings Co., Ltd. (3544.T) private through a share consolidation following its completed tender offer at ¥1,260 per share, raised from the original ¥1,220 on July 10, 2026.
Featured in Issue #36 · Oct 11, 2026
CE Holdings Co.,Ltd. 4320.T (JP) · ¥1,629.00 · MCAP $172M · EV $147M
Offer ¥1,650
SK-03 Co., Ltd. launched a tender offer for CE Holdings Co., Ltd. from Aug 6, 2026 to Sep 17, 2026, aiming to make it a wholly-owned subsidiary.
Featured in Issue #35 · Oct 4, 2026
HYUGA PRIMARY CARE Co.,Ltd. 7133.T (JP) · ¥2,104.00 · MCAP $95M · EV $105M
HYUGA PRIMARY CARE representative director Tetsuji Kurogi reported a personal holding of 1,357,200 shares, or 18.64%, unchanged from the prior filing.
Featured in Issue #35 · Oct 4, 2026
PHC Holdings Corp. 6523.T (JP) · ¥1,430.00 · MCAP $1.2B · EV $2.4B
Toho Holdings Co. is in talks to acquire PHC Holdings Corp. for more than ¥200 billion ($1.3 billion).
Featured in Issue #35 · Oct 4, 2026
SEED Co., Ltd. 7743.T (JP) · ¥793.00 · MCAP $152M · EV $366M
Offer ¥795 · closes Oct 13, 2026
Luxshare Precision Cayman Limited is tendering for all outstanding shares of SEED Co., Ltd. at ¥795 per common share in cash.
Featured in Issue #35 · Oct 4, 2026
CE Holdings Co., Ltd. 4320.T (JP)
Offer 1,642円 · closes Sep 29, 2026
NEC Corporation is a Japan-based (Tokyo) IT and network services company, providing cloud computing, AI, telecommunications equipment, biometric authentication systems, and system integration services to enterprises, telecom carriers, and government agencies.
SK-03 Co., Ltd. now owns 44.75% of the issuer after completing a tender offer at 1,642 yen per share (large shareholding report). The buyer intends to acquire all common shares and delist the company. The next catalyst is 2026-09-29.
Featured in Issue #34 · Sep 27, 2026
Kobayashi Pharmaceutical 4967.T (JP) · ¥6,885.00 · MCAP $3.3B · EV $2.9B
Fwd P/E: 42.9x · Fwd EV/EBITDA: 18.4x · Fwd EV/GP: 5.4x · LTM EV/Sales: 2.7x · LTM EV/GP: 5.3x
Kobayashi Pharmaceutical Co., Ltd., together with its subsidiaries, manufactures and sells OTC pharmaceuticals, guasi-drugs, deodorizing air fresheners, and sanitary products in Japan, the United States, Southeast Asia, and internationally. The company offers Ammeltz, an anti-inflammatory pain relief medicine; Dent.
NSSK and an affiliate of CVC Capital Partners proposed to take Kobayashi Pharmaceutical (4967.T) private in a joint bid valued at ¥500 billion (~$3.2B). The buyers plan to execute a tender offer in partnership with the company's founding family, which would result in the company being delisted from the Tokyo Stock Exchange Prime Market. No tender offer price or timetable has been set. The proposed valuation implies a modest premium to the ¥459.3 billion (~$2.9B) market capitalization as of the September 24 close. Whether the deal clears depends on the final price and the response of an activist shareholder who owns over 14% of the company and has demanded a break from founding-family management.
Featured in Issue #34 · Sep 27, 2026
United Kingdom 12 situations
Bodycote plc BOY.L (UK) · £9.10 · MCAP $2.0B · EV $2.3B
Offer GBp 940
Veritas Capital, through Vulcan Alpha Bidco, has agreed to acquire Bodycote (BOY.L) at a total offer value of 940p per share, comprising 932.8p acquisition cash and a separately retained 7.2p FY26 interim dividend.
Featured in Issue #36 · Oct 11, 2026
SThree plc STEM.L (UK) · GBp 300 · MCAP $483M · EV $491M
Circle8 Group Inc. submitted an enhanced all-cash proposal to acquire SThree plc (STEM.L) on 7 October 2026.
Featured in Issue #36 · Oct 11, 2026
easyJet plc EZJ.L (UK) · GBp 681 · MCAP $6.7B · EV $6.2B
Offer £7.15
Apollo Global Management is acquiring easyJet plc (EZJ.L) for £7.15 per share in a £5.7 billion ($7.5 billion) cash take-private acquisition.
Featured in Issue #36 · Oct 11, 2026
Gamma Communications PLC GAMA.L (UK) · GBp 1,092 · MCAP $1.3B · EV $1.3B
Epiris has agreed to a recommended cash take-private of Gamma Communications PLC (GAMA.L) via a scheme of arrangement.
Featured in Issue #36 · Oct 11, 2026
Pollen Street POLN.L (UK) · £9.09 · MCAP $713M
Pollen Street (POLN.L) is considering taking itself private among other options.
Featured in Issue #35 · Oct 4, 2026
Eleco plc ELCO.L (UK) · GBp 230 · MCAP $253M · EV $234M
Avocet Bidco Limited, a vehicle for Accel-KKR, is taking Eleco plc (ELCO.L) private in an all-cash acquisition via a scheme of arrangement.
Featured in Issue #35 · Oct 4, 2026
Tribal Group plc TRB.L (UK) · GBp 101 · MCAP $286M · EV $287M
Offer 111 pence per Ordinary Share · premium 5.7%
Jenzabar, Inc. is considering a cash offer for Tribal Group plc (TRB.L) at 111 pence per Ordinary Share.
Featured in Issue #35 · Oct 4, 2026
Pinewood Technologies PINE.L (UK) · £4.46 · MCAP $679M · EV $636M
closes Oct 9, 2026
Pinewood shareholders approved a £545 million (~$720M) takeover by US private equity firm Ridgeview Partners.
Featured in Issue #35 · Oct 4, 2026
Senior PLC SNR.L (UK) · GBp 296 · MCAP $1.6B · EV $1.8B
closes Oct 8, 2026
Senior PLC is being acquired by Zeus UK Bidco Limited via a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.
Featured in Issue #35 · Oct 4, 2026
Bodycote PLC BOY.L (UK) · GBp 947 · MCAP $2.1B · EV $2.4B
Veritas Capital's recommended cash acquisition of Bodycote PLC (BOY.L) is structured as a scheme of arrangement and remains subject to applicable conditions and shareholder approval.
Featured in Issue #35 · Oct 4, 2026
Atlantic Lithium Ltd ALL.L (UK) · GBp 15.30 · MCAP $162M · EV $156M
Fwd P/E: NM · Fwd EV/EBITDA: NM · Fwd EV/Sales: 4.0x · LTM EV/Sales: NM
Atlantic Lithium Limited engages in the exploration and development of mineral properties in Australia, Ivory Coast, and Ghana. The company primarily explores for lithium deposits.
Zhejiang Huayou Cobalt proposes to acquire all issued share capital of Atlantic Lithium (ALL.L) via a scheme of arrangement. Ghana's parliament has ratified the Ewoyaa mining lease, clearing a regulatory hurdle required before construction financing can be finalized. The company has arranged strategic funding support from regional investment vehicles and Ghanaian pension funds. A change of control would reshape the register for a company previously valued on its development pipeline rather than as a takeover target. Deal terms and premium are not disclosed.
Featured in Issue #34 · Sep 27, 2026
Pinewood Technologies Group plc PINE.L (UK) · GBp 445 · MCAP $678M · EV $635M
Offer £4.48 per share · closes Oct 9, 2026
Fwd P/E: 53.8x · Fwd EV/EBITDA: 22.6x · Fwd EV/GP: 13.8x · LTM EV/Sales: 11.8x
Pinewood Technologies Group PLC operates as a cloud-based dealer management software provider in the United Kingdom, rest of Europe, Africa, Asia, the Middle East, and internationally. The company primarily offers automotive retail software to motor vehicle dealers.
Pinewood Technologies Group plc (PINE.L), trading as Pinewood.AI, saw shareholders approve a recommended acquisition by U.K. Piston Bidco Limited via a scheme of arrangement on 25 September 2026, following the boards' agreement announced 19 August 2026 and the scheme document published 28 August 2026. At the Court Meeting, 85,676,187 Scheme Shares voted for and 202,737 against, representing 99.76 percent by value and 93.33 percent of voters in favour, or 73.41 percent of the 116,715,177 total Pinewood.AI shares in issue at the Voting Record Time. The General Meeting Special Resolution passed with 99.67 percent approval. A Court Hearing to sanction the scheme is expected on 7 October 2026. Trading is expected to end on 8 October 2026, with the scheme becoming effective and trading suspended at 7:30 a.m. on 9 October 2026, and delisting expected by 12 October 2026. The arb outcome now rests only on Court sanction.
Featured in Issue #34 · Sep 27, 2026
Hong Kong 8 situations
Goodbaby International Holdings Ltd. 1086.HK (HK) · HK$1.39 · MCAP $295M · EV $240M
Song Zhenghuan proposed taking Goodbaby International Holdings Ltd. (1086.HK) private through a scheme of arrangement at HK$1.50 per share.
Featured in Issue #36 · Oct 11, 2026
Maoye International Holdings Limited 0848.HK (HK) · HK$0.17 · MCAP $115M
Offer HK$0.21 · premium 110.1%
W.F Group Limited proposes to privatize Maoye International Holdings Limited (0848.HK) for HK$185 million (~$24M) in cash through a scheme of arrangement.
Featured in Issue #36 · Oct 11, 2026
Guotai Junan International Holdings Limited 1788.HK (HK) · HK$2.90 · MCAP $3.5B
UBS AG bought 150,000 shares and sold 315,000 shares of Guotai Junan International (1788.HK) on October 2, 2026.
Featured in Issue #36 · Oct 11, 2026
Guotai Junan International 1788.HK (HK) · HK$2.90 · MCAP $3.5B
Offer HK$3 (approximately $0.38) per share
Guotai Junan International restricted mainland China legacy accounts to sell-only and withdrawals effective September 26.
Featured in Issue #35 · Oct 4, 2026
Maoye International Holdings Limited 848.HK (HK) · HK$0.10 · MCAP $65M
Offer HK$0.208 · premium 110.1%
W.F Group Limited proposes to privatise Maoye International Holdings Limited by a Cayman Islands scheme of arrangement under section 86.
Featured in Issue #35 · Oct 4, 2026
Public Financial Holdings Limited 626.HK (HK) · HK$2.15 · MCAP $302M
Public Bank Berhad proposes to privatise Public Financial Holdings Limited by way of a scheme of arrangement under section 99 of the Companies Act 1981 of Bermuda.
Featured in Issue #35 · Oct 4, 2026
Get Nice Holdings Limited 0064.HK (HK) · HK$3.85 · MCAP $303M
Offer HK$4.00 · premium 17.6%
Offeror Honeylink Agents Limited, wholly owned by Mr.
Featured in Issue #35 · Oct 4, 2026
Goodbaby International Holdings Limited 1086.HK (HK) · HK$1.08 · MCAP $230M · EV $175M
Offer HK$1.50 · premium 38.89%
Crystal Aurora International Ltd. proposes to privatise Goodbaby International Holdings Limited by way of a Cayman Islands scheme of arrangement.
Featured in Issue #35 · Oct 4, 2026
Germany 6 situations
Nagarro SE NA9.DE (DE) · €77.30 · MCAP $1.1B · EV $1.3B
Galaxy Germany Holding SE, a wholly owned subsidiary of Persistent Systems, announced final results of its Nagarro takeover offer after the additional acceptance period ended October 6, 2026.
Featured in Issue #36 · Oct 11, 2026
Ceconomy AG CEC.DE (DE) · €4.45 · MCAP $2.4B · EV $4.1B
JD.com is taking Ceconomy AG (CEC.DE) private in a transaction valuing the company at EUR 2.2 billion (~$2.5B).
Featured in Issue #36 · Oct 11, 2026
Nürnberger Beteiligungs-AG NBG6.DE (DE) · €125.00 · MCAP $1.6B
Offer EUR 120.00
Vienna Insurance Group AG is seeking to squeeze out minority shareholders of Nürnberger Beteiligungs-AG (NBG6.DE) for EUR 120.00 (~$134) per share in cash.
Featured in Issue #36 · Oct 11, 2026
Covestro AG 1COV.DE (DE) · €60.30 · MCAP $14.1B · EV $16.2B
Offer EUR 59.46
ADNOC is pursuing a squeeze-out of Covestro AG (1COV.DE) at a cash offer price of EUR 59.46 (~$67) per share.
Featured in Issue #35 · Oct 4, 2026
Covestro AG 1COV.DE (DE) · MCAP $14.2B · EV $16.3B
Offer EUR 59.46
Fwd EV/EBITDA: 13.6x · Fwd EV/GP: 6.8x · LTM EV/Sales: 1.1x · LTM EV/GP: 6.7x
Covestro AG operates as a supplier of polymer materials and application solutions. The company operates in two segments, Performance Materials, and Solutions & Specialties.
XRG is taking over Covestro AG (1COV.DE) via a squeeze-out takeover for EUR 59.46 (~$68) per share in cash. The stock traded at EUR 59.80 (~$68) on September 24, 2026, which is EUR 0.34 above the cash compensation. Klaus Fröhlich is scheduled to become CFO on October 1, 2026. The takeover terms, rather than operating results, anchor the share price.
Featured in Issue #34 · Sep 27, 2026
Berentzen-Gruppe AG BEZ.DE (DE) · €5.74 · MCAP $61M · EV $82M
Fwd P/E: NM · Fwd EV/EBITDA: 5.4x · Fwd EV/Sales: 0.5x · LTM EV/Sales: 0.5x · LTM EV/GP: 1.1x
Berentzen-Gruppe Aktiengesellschaft produces and distributes spirits and non-alcoholic beverages in Germany, rest of Europe Union, rest of Europe, and internationally. The company operates through Spirits, Non-alcoholic Beverages, Fresh Juice Systems, and Others segments.
Berentzen-Gruppe AG (BEZ.DE) signed a business combination agreement with Sazerac on September 21, 2026. Sazerac plans a voluntary public cash offer of EUR 5.55 per share, approximately a 68% premium to Berentzen's unaffected three-month VWAP, subject to a minimum acceptance threshold of 50% plus one share. Berentzen's executive and supervisory boards support the planned takeover, and Sazerac intends to pursue a delisting; the offer document remains subject to BaFin approval.
Featured in Issue #34 · Sep 27, 2026
Brazil 4 situations
Arandu Investimentos S.A. ARND3.SA (BR) · R$0.62 · MCAP $18M
Arandu Partners Holding S.A., the controlling shareholder of Arandu Investimentos S.A. (ARND3.SA), launched a tender offer for outstanding common shares excluding those owned by the controller or held in treasury.
Featured in Issue #36 · Oct 11, 2026
Helbor Empreendimentos S.A. HBOR3.SA (BR) · R$2.71 · MCAP $72M · EV $712M
HBR Realty Empreendimentos Imobiliários S.A. launched a unified exchange tender offer to acquire control of Helbor Empreendimentos S.A. (HBOR3.SA) and cancel its public-company registration.
Featured in Issue #36 · Oct 11, 2026
Minerva Foods BEEF3.SA (BR) · R$4.42 · MCAP $880M · EV $3.9B
Minerva Foods (BEEF3.SA) is reportedly evaluating a going-private transaction with BTG Pactual advising.
Featured in Issue #36 · Oct 11, 2026
Unifique Telecomunicações FIQE3.SA (BR) · R$6.10 · MCAP $477M · EV $600M
Offer R$ 6.00 · premium 10%
Unitá Participações announced an OPA on October 2, 2026 to acquire Unifique's outstanding shares at R$ 6.00 per share.
Featured in Issue #36 · Oct 11, 2026
Canada 4 situations
Invesque Inc. IVQ.TO (CA) · C$0.10 · MCAP $87M · EV $83M
Offer US$0.101 · premium 68%
A special-purpose purchaser managed by Magnetar Financial LLC agreed to take Invesque Inc. (IVQ.TO) private for US$0.101 per share in cash.
Featured in Issue #35 · Oct 4, 2026
Bocana Resources Corp. BOCA.V (CA) · C$0.0750 · MCAP $5M · EV $5M
Bocana Resources Corp. (BOCA.V) extended the deadline for London Gold LLC to provide $1.2 million in additional capital to October 31, 2026.
Featured in Issue #35 · Oct 4, 2026
Slate Grocery REIT SGR-U.TO (CA) · $12.60 · MCAP $767M
Offer C$13 per unit · premium 20%
Slate Grocery REIT entered a definitive agreement to be acquired by a joint venture of Brixmor Property Group and Everview Partners affiliates in an approximately $2.3 billion transaction.
Featured in Issue #35 · Oct 4, 2026
Southstone Minerals Limited SML.V (CA) · C$0.03 · MCAP $710.0K · EV $930.0K
Offer $0.0375
Fwd EV/GP: 0.6x · LTM EV/Sales: 0.1x · LTM EV/GP: 0.5x
Southstone Minerals Limited operates as a junior mining company in Canada. Southstone Minerals Limited was formerly known as Tango Mining Limited and changed its name to Southstone Minerals Limited in October 2019.
Southstone Minerals Limited entered into an arrangement agreement dated September 21, 2026 with Terry L. Tucker, its Executive Chairman and Interim CEO. Tucker will acquire all common shares he does not already own via a court-approved plan of arrangement under the Business Corporations Act (British Columbia). Aggregate consideration is approximately $1.1 million payable for 28.6 million Shares. Tucker currently beneficially owns 4.8 million Shares, approximately 14.30% of issued and outstanding Shares. A special committee of independent directors comprised Kevin Ma (Chair) and Neil Budd, advised by Evans & Evans, Inc., provided a verbal fairness opinion.
Featured in Issue #34 · Sep 27, 2026
Sweden 3 situations
Krona Public Real Estate KRONA.ST (SE) · SEK 44.00 · MCAP $49M
Krona BidCo acquired additional shares of Krona Public Real Estate (KRONA.ST), taking ownership above 90% of outstanding shares and votes, and invoked compulsory acquisition of the remaining shares.
Featured in Issue #36 · Oct 11, 2026
Humana AB HUM.ST (SE) · SEK 76.00 · MCAP $363M · EV $779M
Ambea declared its public takeover offer for Humana unconditional on 1 October 2026.
Featured in Issue #36 · Oct 11, 2026
Aixia Group AB AIXIA-B.ST (SE) · SEK 85.00 · MCAP $13M
Offer SEK 87.50
White Pearl Technology Group (WPTG) has initiated compulsory redemption of the remaining Aixia Group AB shares and claimed a redemption amount of SEK 87.50 per share.
Featured in Issue #35 · Oct 4, 2026
China 3 situations
Wafangdian Bearing Company Limited 200706.SZ (CN) · ¥2.80 · MCAP $144M (last traded 2026-02)
Offer HKD 2.86
Wafangdian Bearing Group Co., Ltd. will pay HKD 2.86 per share to acquire up to 104.1 million remaining shares of Wafangdian Bearing Company Limited (200706.SZ) in a residual share acquisition.
Featured in Issue #36 · Oct 11, 2026
New Trend International Logis-Tech Co.,Ltd. 300532.SZ (CN) · ¥7.34 · MCAP $697M · EV $532M
Shao Jianwei is transferring all direct and indirect shares of New Trend International Logis-Tech Co., Ltd. (300532.SZ) to Shao Jianfeng, Shenzhen Yuanangui Investment Co., Ltd., Shao Zetian, and Zhan Baosheng to effect…
Featured in Issue #35 · Oct 4, 2026
Wafangdian Bearing Company Limited 200706.SZ (CN) · HK$2.80 · MCAP $144M
Offer HKD 2.86
WZ Group will buy residual shares of Wafangdian Bearing Company Limited (200706.SZ) at HKD 2.86 per share, the same as the original tender offer price.
Featured in Issue #35 · Oct 4, 2026
France 3 situations
Fiducial Office Solutions SACI.PA (FR) · €42.40 · MCAP $103M · EV $110M
Fiducial SC is taking Fiducial Office Solutions (SACI.PA) private through a public buyout offer at €36 per share followed by a mandatory squeeze-out.
Featured in Issue #36 · Oct 11, 2026
Adeunis ALARF.PA (FR) · €0.85 · MCAP $4M · EV $5M
Offer 0,84 euro · closes Oct 15, 2026
Webdyn is acquiring the remaining shares of Adeunis for 0.84 euro per share.
Featured in Issue #36 · Oct 11, 2026
Eurobio-Scientific SA ALERS.PA (FR) · €25.10 · MCAP $288M · EV $283M
Offer €25.30
Fwd P/E: 22.2x · Fwd EV/EBITDA: 7.7x · Fwd EV/Sales: 1.4x · LTM EV/Sales: 1.4x · LTM EV/GP: 3.1x
Eurobio Scientific Société anonyme engages in research, development, and marketing specialty diagnostic products in the areas of transplantation, infectious diseases, autoimmunity, oncology, and life sciences. The company produces and markets transport and preservation media for corneal grafts.
EB Development is taking Eurobio-Scientific SA (ALERS.PA) private by offering €25.30 (~$29) per share in cash for the remaining 9.86% of shares (squeeze-out offer). EB Development currently controls 90.14% of the company's share capital and voting rights. The offer will run for 10 trading days once cleared by the AMF, after which any untendered shares will be automatically transferred to EB Development for the same cash consideration. This process will remove Eurobio-Scientific SA from the public market. Minority shareholders exit at €25.30 (~$29) per share in cash, and the path to delisting is set pending AMF clearance. Eurobio Scientific (ALERS.PA) filed a public tender offer followed by a compulsory squeeze-out (offre publique de retrait suivie d'un retrait obligatoire) on September 24, 2026.
Featured in Issue #34 · Sep 27, 2026
Australia 3 situations
Cleanaway Waste Management CWY.AX (AU) · A$2.76 · MCAP $4.3B · EV $5.9B
EQT Infrastructure is negotiating a binding scheme implementation deed to take Cleanaway Waste Management (CWY.AX) private under its non-binding indicative proposal of A$3.13 cash per share, less any dividends paid…
Featured in Issue #36 · Oct 11, 2026
Noumi Limited NOU.AX (AU) · A$0.12 · MCAP $23M
Offer A$0.1234
Arrovest Pty Ltd is seeking to acquire all shares of Noumi Limited (NOU) it does not already own through a scheme of arrangement.
Featured in Issue #35 · Oct 4, 2026
Cleanaway Waste Management CWY.AX (AU) · A$2.58 · MCAP $4.1B · EV $5.7B
EQT Infrastructure proposed to acquire 100% of Cleanaway Waste Management (CWY.AX) via a scheme of arrangement.
Featured in Issue #35 · Oct 4, 2026
South Africa 3 situations
Santam Limited SNT.JO (ZA) · MCAP $2.6B · EV $2.9B
Offer R505 · premium 26.6%
Sanlam is currently the majority shareholder in Santam with an effective shareholding of 62.7% of all issued Santam Shares, excluding treasury shares, as at 18 September 2026.
Featured in Issue #36 · Oct 11, 2026
Putprop Limited PPR.JO (ZA) · MCAP $12M · EV $34M
Putprop's board is considering a scheme of arrangement under sections 114(1)(e) and 115 of the Companies Act.
Featured in Issue #35 · Oct 4, 2026
ArcelorMittal South Africa ACL.JO (ZA) · MCAP $121M · EV $693M
IDC has tabled a R3bn offer to buy 80% of ArcelorMittal South Africa, with Amsa retaining 20%.
Featured in Issue #35 · Oct 4, 2026
Netherlands 2 situations
InPost INPST.AS (NL) · €15.21 · MCAP $8.5B · EV $11.2B
closes Oct 23, 2026
IS Iris Lux Bidco will delist InPost (INPST.AS) from Euronext Amsterdam on 23 October.
Featured in Issue #36 · Oct 11, 2026
OCI Global OCI.AS (NL) · €4.07 · MCAP $974M · EV $1.1B
Offer €4.10
OCI reported H1 2026 net profit attributable to shareholders of USD 1 million, compared with USD 343 million in H1 2025.
Featured in Issue #35 · Oct 4, 2026
Italy 2 situations
MONNALISA S.p.A. MNL.MI (IT) · €0.66 · MCAP $5M · EV $27M
Offer €0.6735 · premium 2.0%
Borsa Italiana ordered delisting of Monnalisa shares from Euronext Growth Milan effective 6 October 2026.
Featured in Issue #36 · Oct 11, 2026
Seri Industrial SERI.MI (IT) · €2.32 · MCAP $142M · EV $439M
Board approved a merger plan to incorporate Seri Industrial into Seri S.p.A., leading to delisting from Piazza Affari.
Featured in Issue #35 · Oct 4, 2026
Malaysia 2 situations
MKH Bhd MKH.KL (MY) · MYR 1.97 · MCAP $278M · EV $330M
Offer RM2
Batu Kawan's stake in MKH Bhd rose to 96.73% at the close of its unconditional mandatory takeover offer on Oct 8.
Featured in Issue #36 · Oct 11, 2026
MKH Berhad 6114.KL (MY) · MYR 1.99 · MCAP $281M
Offer RM2
Batu Kawan Bhd, with wholly owned unit Whitmore Holdings and parties acting in concert, held 548.85 million MKH shares, or a 95.16% stake, as at market close on Sept 30.
Featured in Issue #35 · Oct 4, 2026
Singapore 2 situations
Zheneng Jinjiang Environment BWM.SI (SG) · S$0.54 · MCAP $606M · EV $2.4B
Offer S$0.70 · premium 50.5%
Board of Zheneng Jinjiang Environment and Jieneng Investment proposed a scheme of arrangement to take the company private at S$0.70 per share or to issue new shares.
Featured in Issue #35 · Oct 4, 2026
Hafary Holdings 5VS.SI (SG) · S$0.61 · MCAP $206M · EV $413M
Offer 64 cents · premium 4.9%
23 Capital, owned by CEO Low Kok Ann and his children, has made a voluntary conditional cash offer of 64 cents per share for Hafary Holdings.
Featured in Issue #35 · Oct 4, 2026
Philippines 1 situation
Figaro Culinary Group FCG.PS (PH) · PHP 0.77 · MCAP $67M · EV $89M
Offer ₱0.82 · premium 22.4%
Figaro Coffee Systems Inc. announced its intention to conduct a cash tender offer for Figaro Culinary Group (FCG) at ₱0.82 per share to take the company private.
Featured in Issue #36 · Oct 11, 2026
Indonesia 1 situation
PT Indointernet Tbk EDGE.JK (ID) · IDR 4,790.00 · MCAP $541M · EV $618M
Offer Rp11,500
DEHK purchased a total of 7,714,000 EDGE shares through the voluntary tender offer at Rp11,500 per share.
Featured in Issue #36 · Oct 11, 2026
Ireland 1 situation
Irish Residential Properties REIT plc IRES.IR (IE) · €1.06 · MCAP $632M · EV $1.3B
Baring International Investment Limited made a fifth possible all-cash offer to acquire Irish Residential Properties REIT plc (0QT8.L) at €1.386 per share.
Featured in Issue #35 · Oct 4, 2026
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