activism $CBZ: stop the buybacks and restart the M&A flywheel? | Reference Equity
CBIZ activist Ryan Bunn urges ending buybacks, issuing equity and resuming bolt-on acquisitions to delever after the $2.3 billion Marcum…
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activism CBIZ activist Ryan Bunn urges ending buybacks, issuing equity and resuming bolt-on acquisitions to delever after the $2.3 billion Marcum…
Braemar Hotels & Resorts is internalizing its management.
Gold Reserve offers exposure to Venezuela’s giant gold mine as the US moves to reopen the country for business.
Investcorp Credit Management BDC is framed as a troubled corner of private credit.
SBM, Monaco’s largest company, reaches another all-time high as capital flows back to Europe and boosts the Principality’s property-heavy…
Theravance Biopharma began a strategic review after a failed Phase 3 trial.
Braemar Hotels & Resorts’ Four Seasons sale prompts updated views on HST.
Green Dot creates a standalone banking-as-a-service bank.
Golden Entertainment’s PropCo-OpCo split follows an insufficient management buyout offer.
Light & Wonder plans to move its primary stock listing to the Australian Securities Exchange.
Sotherly Hotels buyout creates a preferred-share conversion arbitrage opportunity.
Braemar Hotels & Resorts initiated a sales process and faces a gross asset management contract.
180 Degree Capital plans to merge with Mount Logan Capital and launch a tender offer, leaving open questions around the transaction.
Mural Oncology update.
Franklin Street Properties pursues strategic alternatives for its office-property portfolio.
Net Lease Office Properties is a REIT office basket pursuing a spin-off and liquidation.
GCI Liberty trades cheaply, holds tax assets, and faces investor fatigue with John Malone.
NSTS Bancorp’s three-year thrift-conversion anniversary could clear the way for a potential sale.
Kronos Bio’s Tang buyout includes a contingent value right with unusual consideration terms.
Repare Therapeutics faces a broken biotech valuation and potential strategic alternatives.
Mural Oncology is a former spin-off biotech now described as broken.
Elevation Oncology is a broken biotech with a slightly riskier setup.
Dun & Bradstreet’s strategic process is wrapping up as the company trades at a cheap valuation.
Third Harmonic Bio is pursuing strategic alternatives while preserving options for its THB335 program.