Case Type: Mergers & Acquisitions

William Penn Bancorporation (Nasdaq: WMPN), relating to its proposed merger with Mid Penn Bancorp, Inc.. Under the terms of the agreement, William Penn will merge with Mid Penn in an all-stock transaction valued at approximately $127 million, based on Mid Penn’s closing stock price of $31.88 as of October 30, 2024. According to the terms of … Read more

Insight Select Income Fund (NYSE: INSI), relating to the proposed acquisition of the assets of INSI by KKR Income Opportunities Fund (“KIO”). Under the terms of the agreement, shareholders of INSI will receive shares of KIO and will have the option to elect to receive up to 5% of the consideration in cash.

Paltalk, Inc. (Nasdaq: PALT), relating to its proposed merger with Newtek Technology Solutions, Inc. Under the terms of the agreement, Paltalk has agreed to pay Newtek an amount in cash equal to $4,000,000, subject to customary purchase price adjustments, and issue Newtek 4,000,000 shares of a newly created series of Paltalk’s preferred stock, the Series A … Read more

Nabors Industries Ltd. (NYSE: NBR), relating to its proposed merger with Parker Wellbore Co. Under the terms of the agreement, Nabors will acquire Parker Wellbore’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar.

Carlyle Secured Lending, Inc. (NASDAQ: CGBD), relating to a proposed merger with Carlyle Secured Lending III. Under the terms of the agreement, shareholders of CSL III will receive newly issued shares of CGBD common stock based on the Exchange Ratio, calculated to a formula set forth in the merger agreement.

Lumos Pharma Inc. (Nasdaq: LUMO), relating to its proposed merger with Double Point Ventures LLC. Under the terms of the agreement, Double Point Ventures will acquire Lumos Pharma’s outstanding shares of common stock for $4.25 per share in cash, plus one non-transferable unsecured Contingent Value Right per share payable on achievement of certain milestones.

Arcadium Lithium plc (NYSE: ALTM), relating to a proposed merger with Rio Tinto. Under the terms of the agreement, Rio Tinto will acquire Arcadium in an all-cash transaction for $5.85 per share.

Outbrain Inc. (Nasdaq: OB), relating to its proposed merger with Teads S.A. Under the terms of the agreement, Outbrain will acquire Teads in exchange for a cash payment of $725 million, subject to certain customary adjustments, 35 million newly issued shares of Outbrain common stock, par value $0.001 per share, of Outbrain and, 10.5 million newly issued Outbrain Series A Convertible … Read more

German American Bancorp, Inc. (Nasdaq: GABC), relating to a proposed merger with Heartland BancCorp. Under the terms of the agreement, Heartland shareholders, other than the Heartland retirement plan, will receive 3.90 shares of German American common stock for each share of Heartland common stock in an all-stock exchange.

Air Transport Services Group, Inc. (Nasdaq: ATSG), relating to a proposed merger with Stonepeak Nile Parent LLC. Under the terms of the agreement, Air Transport Services Group shareholders will receive $22.50 per share of Air Transport Services Group Common Stock they own.