MergerPie

@jimiuorio @PeteButtigieg @SenWarren @JetBlue @SpiritAirlines But consumers were harmed too... now they lost budget routes that spirit operated.. these routes may not come back... sure if frontier and spirit merged, sone routes will be lost, but at least not all.. merger was supposed to work as reorg of the inefficient parts of spirit

I’ve thought long and hard about the decision by @PeteButtigieg and @SenWarren to block the merger of @JetBlue and @SpiritAirlines back in January of 2024. It was so obvious that it would salvage a poorly run airline and save jobs that even a fifth grader would understand why it was a good thing. It would not have created any real anti trust concerns as both airlines combined would have accounted for less than 10% of total domestic air travel. The only reason I can think of is that they believed the appearance of protecting the consumer(which they obviously did not do) was more important than protecting the jobs of the majority of the 14,000 people employed by Spirit. We can’t continue to have ignoramuses making important decisions if we expect to have a good economy…

This is truly unfortunate: In 2022, JetBlue had agreed to merge with Spirit Airlines in a $3.8 billion transaction. This was intended to end Spirit's imminent bankruptcy and employ the majority of Spirit's 17,000 employees. One year later, in 2023, the US Department of Justice sued to block the merger, saying it would reduce competition and drive up fares. Fast forward another 2 years to today, and Spirit has officially gone bankrupt, ceased operations, and 17,000 people are now unemployed. And, tens of thousands of Spirit passengers are now "stranded." The worst part? The "reduced competition" that the DOJ thought they were avoiding by blocking the transaction has only gotten worse. There quite literally is no competition in the space anymore. This will go down as one of the biggest transactional failures in US history.

@MarioNawfal Can we at least also credit Judge Young for his idiotic judgement that doomed the merger? "To those dedicated spirit customers.. this is for u..."...i guess he meant "screw u all sipirt customers and workers"

🇺🇸 Trump just tried to save Spirit Airlines with a huge $500M rescue proposal, he called it the final offer and wanted to protect jobs. It didn’t happen. Creditors said no. So after 33 years, Spirit is officially shutting down TODAY. All flights canceled. But his Transportation Secretary Sean Duffy got the other airlines to step up anyway for the passengers and 17,000 Spirit crew: -United, Delta, JetBlue & Southwest are straight-up capping ticket prices for anyone stuck rebooking Spirit flights -American & Delta are slashing fares on the busiest Spirit routes -Allegiant is freezing fares on overlapping routes, Frontier dropping up to 50% off base fares until May 10 -Most major carriers are hooking Spirit pilots & flight attendants up with travel passes, jump seats to get home, and priority job interviews Not the full save Trump wanted, but at least nobody gets totally screwed. @KobeissiLetter

FTC mandates 365 Retail to divest Cantaloupe’s $CTLP Three Square Market business to preserve micromarket kiosk competition - Under a proposed order, 365 Retail Markets must divest Cantaloupe’s Three Square Market business to Seaga Manufacturing as a condition of merging with Cantaloupe. FTC’s concern was that the deal would eliminate direct competition, potentially driving up prices for micromarket kiosks, software, and services, while lowering quality. Key conditions in the order: ✴️365 Retail must provide fair, non-discriminatory integrations between its hardware & software ✴️Independent monitor Edward Buthusiem will oversee compliance and flag integration issues or fee hikes ✴️365 Retail is barred for 10 years from acquiring U.S. micromarket kiosk companies without prior FTC approval "FTC action seeks to ensure that consumers don’t face higher food prices because of this acquisition," said FTC Bureau of Competition Director Daniel Guarnera.

GameStop $GME Preparing Offer for eBay $EBAY - WSJ @laurenthomas 🛍️GameStop is preparing to make an offer for eBay, part of CEO Ryan Cohen’s audacious plan to turn the retailer into a $100-billion plus juggernaut. 🛍️GameStop has been quietly building a stake in eBay’s shares ahead of a potential offer. 🛍️GameStop could submit an offer for eBay as soon as later this month. 🛍️If eBay isn’t receptive, Cohen could decide to take the offer directly to eBay’s shareholders.

@CorvidDevoid The vaping ban was imposed because there were alot of illegal vapes in the market causing lung issues, "zombie" vapers etc... these caused more harm than regular cigarette and cannot be regulated

Hidden facts about Singapore: - Tattoos are now socially accepted here as long as they are covered or not offensive. Your corporate colleagues may have it hidden. - Its also somewhat socially accepted to use all English vulgarities in casual speech (as long as you are not using it to insult others) except the word "fuck". The latter is not illegal but its frowned upon. Just avoid hokkien, malay, tamil or cantonese ones. - Some delivery riders in the city ride in illegally modified electric bikes. They are usually frowned upon by the public not because the bikes are illegal, but because they ride recklessly when delivering food. - There are delinquent gangs in Singapore. But they remain out of sight from the general public. And of course they are not stupid enough to cause trouble in the open and to innocent bystanders. They tend to ride in escooters after midnight. - Local teenagers use the N word when gaming. - Vaping is illegal in Singapore. So Singaporeans would cross over to Malaysia to vape. That's because people were vaping in enclosed spaces back when it was still legal. And despite the government restricting them from vaping indoors, they still ignore. So the government have to ban vapes altogether. - Litterbugs still exist. They just know how to hide the litter - People do jaywalk. A lot. But of course we don't jaywalk when there are police nearby or when the traffic is heavy. - There is a rude and reckless cyclist stereotype here. They ride on road bicycles, do wheelies in the city, and point middle fingers to drivers. Some are closely related to the escooter delinquents Despite all that I have mentioned, Singapore is still a lot better than most places. Even the delinquents here are not as bad as other countries.

$AVB $EQR AvalonBay Communities and Equity Residential are reportedly in preliminary discussions regarding a potential megamerger to combine two of the largest apartment REITs in the United States. The transaction would create a dominant residential powerhouse, though a formal valuation and specific consideration mix have yet to be disclosed by the parties. Market analysts expect any definitive agreement to face rigorous antitrust scrutiny given the combined scale of their multi-family housing portfolios across major coastal markets. While deal terms remain fluid, the tie-up would represent a massive consolidation in the residential real estate sector aimed at optimizing operational efficiencies. To learn more deal information with pre-event, shareholder activism, proxy fight and many more, subscribe to CTFN Lighthouse: ctfnlighthouse.com #Arbitrage #Mergers #RealEstate #REITs #AvalonBay #EquityResidential #Housing #Investing

JUST IN : GAMESTOP IS LOOKING TO ACQUIRE EBAY PER WSJ GAMESTOP COULD SUBMIT OFFER FOR EBAY AS SOON AS THIS MONTH GAMESTOP IS CURRENTLY WORTH $11.9 BILLION EBAY IS CURRENTLY WORTH $46.6 BILLION $GME $EBAY

$ESPR ARCHIMED has entered into a definitive agreement to acquire cardiovascular-focused biopharma company Esperion for a total equity value of approximately $813mn. Shareholders are set to receive $3.16 in cash per share plus $100mn in Contingent Value Rights, representing a 58% premium to the undisturbed closing price. The transaction is not subject to a financing condition and is expected to close in the third quarter of 2026 pending Esperion shareholder approval. Centerview and Goodwin Procter are advising the target as it prepares for the transition into a private entity under the healthcare-specialist private equity firm. To learn more deal information with pre-event, shareholder activism, proxy fight and many more, subscribe to CTFN Lighthouse: ctfnlighthouse.com #Arbitrage #Mergers #Biotech #Healthcare #Esperion #Pharma #Investing #Acquisitions

$CTLP - FTC to allow Cantaloupe sale to 365 Markets with divestiture seekingalpha.com/news/4584327-f…

$NXST Five states join lawsuit to block Nexstar-Tegna deal - 3 Republican AGs added seekingalpha.com/news/4584253-f…

ARCHIMED to Acquire Esperion Therapeutics $ESPR in a $1.1 Billion Deal - 💊Esperion shareholders will receive $3.16 per share in cash, representing a premium of 58% from the stock’s last close. 💊Shareholders will also receive one non-tradeable contingent value right (CVR) that will entitle the holder to participate in two contingent milestone payments of up to $100 million in the aggregate. 💊The merger is expected to close in the third quarter of 2026. For a more comprehensive understanding of this M&A, click on the link below: insidearbitrage.com/2026/05/archim…

UWM Holdings $UWMC issued an open letter to Two Harbors $TWO stockholders, calling its revised proposal superior to the CrossCountry deal - ✴️New offer increases cash consideration to $12 per share (from $11.3), or stock option of 2.3328 UWMC Class A shares. ✴️Maintains full cash or stock election for Two shareholders. ✴️Backed by an increased $1.3 billion unsecured bridge facility from Mizuho (up from $1.2 billion).

Cintas/UniFirst: FTC Staff Probing $5.5 Billion Uniform Rental Deal; Evaluating National Customers, Bidding Data library.thecapitolforum.com/docs/9fhtugu8k… h/t @saniya_rao $CTAS $UNF

$SOLV - Solventum gains on report activist Trian sends letter urging changes - CNBC seekingalpha.com/news/4583048-s…

$LLY ELI LILLY EXPECTS TO REMAIN ACTIVE IN BUSINESS DEVELOPMENT TO COMPLIMENT INTERNAL PORTFOLIO

$PSKY $WBD Paramount Skydance has formally notified the Australian Competition and Consumer Commission regarding its proposed acquisition of Warner Bros Discovery. The ACCC has set June 12 as the determination date for its Phase I initial assessment of the transaction. Regulatory risk is mounting as Senator Cory Booker introduced the CLEAN Mergers Act, which could force the unwinding of deals exceeding $10bn approved during the current administration. This legislative headwind specifically targets the Paramount/Warner merger, requiring companies to prove their deals do not harm competition or workers to avoid divestiture. To learn more deal information with pre-event, shareholder activism, proxy fight and many more, subscribe to CTFN Lighthouse: ctfnlighthouse.com #Arbitrage #Mergers #Media #Entertainment #Antitrust #WBD #PSKY #Investing

$ITRK $ITRK.LN $EQT $EQT.SS EQT is reportedly preparing a sweetened takeover bid for Intertek following the rejection of two prior offers valued at £51.50 and £54 per share. The improved proposal comes as the UK-based testing and inspection giant faces mounting internal pressure to consider a strategic breakup. Activist investor Lost Coast Capital is currently urging the company to split its core divisions to unlock shareholder value. Under UK Takeover Code rules, the potential bidder must navigate a formal PUSU deadline while Intertek evaluates its standalone restructuring options. To learn more deal information with pre-event, shareholder activism, proxy fight and many more, subscribe to CTFN Lighthouse: ctfnlighthouse.com #Arbitrage #Mergers #Industrials #Intertek #EQT #LondonStockExchange #Activism #Testing

$SOLV Solventum gains after activist Trian sends letter urging changes (update) - adds Solventum response seekingalpha.com/news/4583048-s…

$EL $EL.FP $PUIG $PUIG.SM Estée Lauder is reportedly in advanced talks to acquire Spanish beauty group Puig for an estimated enterprise value exceeding €15bn. The proposed offer is valued between €18 and €19 per Class B share, representing a 23% premium over recent trading levels. The transaction is structured as a mix of cash and stock, featuring a unique exchange of super-voting shares to allow both founding families to maintain joint control. Estée Lauder has engaged JP Morgan to secure €3.25bn in financing for the cash portion of the deal as negotiations continue toward a formal agreement. To learn more deal information with pre-event, shareholder activism, proxy fight and many more, subscribe to CTFN Lighthouse: ctfnlighthouse.com #Arbitrage #Mergers #Beauty #EsteeLauder #Puig #Luxury #Investing #ConsumerGoods